9340 Magnolia Avenue, Riverside, CA 92503

$3,750,000
20,850
SqFt
List Price
$3,750,000
Status
ACTIVE
MLS#
PW19261110
Year Built
1950
Living Sq. Ft
20,850
Days on Market
6
Property Type
Commercial
Property Sub Type
Retail

Property Description

NINE PARCEL 9340-9370 MAGNOLIA AVE, RIVERSIDE WITH 1.61AC.... Well Established Neighborhood Shopping Center with infill Riverside location. Well maintained & stabilized fully occupied with Eleven spaces occupied by ten tenants long term tenants. Located on the busy corner of McKinzey and Magnolia in the heart of Riverside. Property is located on nine parcels 1.61 Acers with extra land to possibly build on in the future. High cap rate with established long term tenants will give the new owner healthy cash flow year after year. Center is anchored by a long term busy laundromat and a local antique store with a substantial client base. Long term owners have kept the center up to date with new roofs, ADA bathrooms, paint, water piping, iron fencing, and newly surfaced front & back parking lots. This is a must-see with great actual cash flow and future upside. Owners are retiring and are motivated to sell. We will look at all offers!

Additional Information

Taxes
$45,338
Water
Public

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Azhar Sabir from Shamoon Sikora, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.