250 Iowa AveRiverside, CA 92507

Property Details for 250 Iowa Ave

Lot size

0.14 AC

Zone code

R3

Property type

Commercial land

APN

247-042-019

APU

247042019

Description

This exceptional Riverside, CA property presents a compelling value-add investment opportunity. The 2,151 square foot building, constructed in 1960, sits on a substantial 14,810 square foot lot comprised of two parcels (APN 247-042-018, 247-042-019), offering ample space and potential. The property boasts a highly visible location on a main thoroughfare, providing excellent exposure. The building features an open floor plan, perfect for customization to suit a variety of commercial uses, including retail, office, service-based businesses, or storage. Zoned CPS (scenic highway commercial) by Riverside County, the property's versatility is further enhanced by its adaptability to numerous commercial applications. Currently vacant with an occupancy date of November 18, 2024, this property is being offered as-is. Cash offers are preferred, but the owner may consider financing with a substantial down payment. The property's size and location make it an ideal canvas for a new owner to create a thriving business. This is a rare opportunity to acquire a significant property in a prime Riverside location.

• Alternative Use

  Use

  Valuation

  Residential

  $1,717,176

  Hospitality

  $1,572,924

  Educational

  $1,308,654

  Medical

  $1,353,661

  Retail

  $2,035,684

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

34.0164

Longitude

-117.339

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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