9471 Magnolia AveRiverside, CA 92503

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 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.

• 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

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

FAQs

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