1725 Spruce StRiverside, CA 92507

Property Details for 1725 Spruce St

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

1.71 AC

Property size (Sq ft)

7,554 SF

Zone code

M1

Property type

Retail space

APN

210-110-031

APU

210110031

Description

This exceptional Riverside, CA retail and restaurant property presents a unique investment opportunity. Located at 1725 Spruce St, this two-building complex boasts a total of 7,538 square feet across three suites, with a minimum divisible space of 1,925 square feet and a maximum contiguous space of 4,546 square feet. Built in 2015, the property sits on 1.71 acres of land and offers ample parking with 100 surface spaces. The single-story buildings benefit from high visibility due to their location at a signalized intersection of Spruce St and Chicago Ave, boasting 121 feet of frontage on Chicago Ave and 114 feet on Spruce Street. Approved restaurant plans are in place, making this an ideal location for food service businesses. The property's strategic location is further enhanced by its proximity to the University of Riverside and Hunter Industrial Park, ensuring a robust customer base. Convenient access to the 60, 91, and 215 Freeways provides excellent accessibility for both employees and customers. The property is zoned commercial and is ready for immediate occupancy. This is a rare opportunity to acquire a well-located, versatile retail and restaurant property in a thriving Riverside market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,877,618

  6.5%

  $2,656,263

  7%

  $2,466,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,271,879

  Geo Method

  $6,700,129

• Alternative Use

  Use

  Valuation

  Residential

  $2,240,657

  Hospitality

  $2,052,430

  Educational

  $1,707,597

  Medical

  $1,766,324

  Retail

  $2,656,263

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9908

Longitude

-117.349

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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