695 La Cadena DrRiverside, CA 92501

Property Details for 695 La Cadena Dr

Year built

1945

Construction

TILT-UP CONCRETE

Lot size

1.00 AC

Property size (Sq ft)

1,776 SF

Zone code

CP

Property type

Office buildings

APN

246-210-005

APU

246210005

Description

This exceptional Riverside industrial property boasts a prime location just blocks from the 215 FWY entrance, offering unparalleled visibility and convenient transportation access. The property encompasses a substantial 43,560 square feet on a one-acre lot and features two office buildings. The larger office building comprises 21,000 square feet, while the second building offers 1,100 square feet of well-maintained space. A brand-new, ready-to-occupy office is also included within the premises. Both existing office buildings are fully air-conditioned, providing a comfortable and efficient work environment. Adding to the versatility of this property are two shops located at the rear of the lot, although the precise square footage of these spaces is currently undetermined. Essential utilities, including electricity and water, are readily available on-site. This property presents a unique opportunity for businesses seeking a strategic location with ample space and excellent freeway visibility. The asking price for this exceptional industrial complex is $4,500,000. Don't miss this chance to secure a highly desirable commercial property in a thriving Riverside location.

• CAP approach

  CAP return

  Valuation

  6%

  $442,338

  6.5%

  $408,312

  7%

  $379,147

• Comparable approach

  Method

  Valuation

  Relative Method

  $301,122

  Geo Method

  $625,099

• Alternative Use

  Use

  Valuation

  Residential

  $506,307

  Hospitality

  $463,774

  Educational

  $385,855

  Medical

  $399,125

  Retail

  $600,219

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

34.0096

Longitude

-117.348

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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