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    3767 Iowa Ave Riverside, CA 92507

    Sponsored
    For Sale
    $4,000,000

    Prime location, high-growth area, near UC Riverside

    Property size:
    4,978 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 4,978 square foot restaurant building is situated on a 0.6-acre lot at 3767 Iowa Avenue in Riverside, CA. Its prime location near UC Riverside offers a built-in customer base of students, faculty, and residents within a high-density area with strong demand for dining options. The property is ideally positioned within a designated redevelopment zone, poised to benefit from significant infrastructure improvements and economic growth initiatives designed to increase foot traffic and enhance business visibility. These planned enhancements promise to significantly boost the area's appeal and long-term property value, creating a strong economic upside for the owner. This turnkey opportunity is perfect for an established restaurant operator looking to expand, a new entrepreneur launching a concept, or an investor seeking a strategic acquisition in a rapidly developing corridor with substantial growth potential. The $4,000,000 asking price reflects the property's exceptional location and future prospects. This is a rare chance to secure a thriving restaurant space in a dynamic and expanding market.

    Property Features for 3767 Iowa Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,978 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    1963
    Property Profile Location Intelligence

    Current Use by Public Records

    Riverside Sunrise Rotary ... Association Or Organization Zacatecas Cafe Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.3404
    Latitude
    33.97647

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, high-growth area, near UC Riverside
    Where is this commercial real estate located?
    The property is located at 3767 Iowa Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    (888) 294-1415
    Request Owner's contact information
    3767 Iowa Ave Riverside, CA 92507
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    Riverside, CA 92507
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3767 Iowa Ave Riverside, CA 92507
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