400 Main StRiverside, CA 92501

Property Details for 400 Main St

Lot size

0.85 AC

Zone code

M1

Property type

Land

Property subtype

Commercial land

APN

246-040-021

APU

246040021

Description

This exceptional 5.61-acre industrial land parcel presents a rare owner-user or investment opportunity in Riverside, California's highly sought-after Inland Empire market. Located at 400 and 424 Main Street, this property boasts immediate occupancy of approximately 2.34 acres, with an additional area available for expansion by September 2025. The site features partially paved/graveled grounds and benefits from Main Street frontage and BMP zoning, offering flexibility for various industrial outside storage (IOS) uses and future redevelopment potential. Its strategic location just north of the SR-60, SR-91, and I-215 freeway interchange provides convenient access to major transportation arteries and places it at the entrance of the Agua Mansa Industrial Corridor, home to prominent national and regional industrial tenants such as Amazon, FedEx, and Walmart. The surrounding area demonstrates strong demographics, with a 5-mile population of 244,530 and an average household income of $94,901. The Inland Empire's robust economy, consistently ranking as Southern California's top-performing market for nine consecutive years, and its position as the leading industrial market in the United States, further underscores the investment potential of this property. The Riverside submarket's low vacancy rate of 4% in Q4 2023 highlights the high demand for industrial space in this area. This property offers a unique blend of immediate usability and future growth potential in a thriving industrial hub. The zip code is 92501.

• Alternative Use

  Use

  Valuation

  Residential

  $10,555,473

  Hospitality

  $9,668,756

  Educational

  $8,044,292

  Medical

  $8,320,947

  Retail

  $12,513,343

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

34.0163

Longitude

-117.362

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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