9471 Magnolia AveRiverside, CA 92503

  • Retail properties
  • 6,700 SF
For Lease
$57/SF/YR View listing

Property Details for 9471 Magnolia Ave

Year built
1941
Construction
TILT-UP CONCRETE
Lot size
0.18 AC
Property size (Sq ft)
6,700 SF
Zone code
CLD
Property type
Retail properties
Property subtype
Retail space
APN
191-313-004
APU
191313004

Description

This exceptional new development presents a rare opportunity for retail businesses seeking high visibility and substantial foot traffic. Located at the northeast corner of Magnolia Avenue and Van Buren Boulevard, this property boasts a prime location at Riverside's fourth busiest intersection, experiencing approximately 75,299 vehicles daily. The development features striking Spanish Mediterranean architecture, creating an attractive and memorable setting for any business. Available spaces range from 842 square feet to 1,177 square feet, offering flexibility for various retail concepts, including restaurants. Each space includes the potential for both indoor and outdoor patio areas, enhancing the customer experience and creating versatile options for dining or shopping. The strategic location offers unparalleled access to a dense population base, with close proximity to key landmarks such as the Galleria at Tyler Mall, Kaiser Permanente Medical Center, California Baptist University (enrolling 11,310 students), Sherman Indian High School, Parkview Community Hospital, Castle Park Amusement Park, and the LA Kings Icetown Practice Facility. Prominent signage opportunities along Magnolia and Van Buren avenues ensure maximum brand exposure. This is an exceptional chance to establish a thriving business in a vibrant and high-traffic area of Riverside. Contact us today to learn more about this exciting redevelopment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,706,904
    6.5%
    $2,498,680
    7%
    $2,320,203
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,961,834
    Geo Method
    $5,942,662
  • Alternative Use

    Use
    Valuation
    Residential
    $2,107,730
    Hospitality
    $1,930,670
    Educational
    $1,606,294
    Medical
    $1,661,537
    Retail
    $2,498,680
9471 Magnolia Ave, Riverside, California

Location Insight

City
Riverside
County
Riverside
State
California
Latitude
33.921
Longitude
-117.446
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,289
$212,241
$352,320
$564,561
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-
-
-

FAQs

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