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    3912 Merrill Ave Riverside, CA 92506

    Sponsored
    For Sale
    $999,888

    High-traffic retail space, ideal for owner-user or lease.

    Property size:
    3,060 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This 3,060 square foot retail property, located at 3912 Merrill Avenue in Riverside, CA, presents a unique opportunity for a savvy investor or owner-operator. Situated on a 0.18-acre lot, this property is currently occupied by a pet store operator with four locations. The existing lease is set to expire in approximately one year, offering flexibility for future use. The asking price is $999,888. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a variety of retail businesses. The property's size and layout are well-suited for a range of retail concepts, providing ample space for display, inventory, and customer service. The existing tenant's successful operation demonstrates the location's strong potential for continued success. This property is an excellent investment opportunity for those seeking a high-traffic retail space in a thriving Riverside neighborhood. Serious inquiries are encouraged to explore the possibilities of this versatile commercial property. Further details and marketing materials are available upon request.

    Property Features for 3912 Merrill Ave

    General Information

    Property type
    Retail properties
    Square Feet
    3,060 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1958
    Location Intelligence

    Current Use by Public Records

    REPTILE FACTORY RIVERSIDE Reptile Store Dr. Jon Frigaard Chiropractor

    Suggested Use

    Law Firm Realty agency 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
    -117.3954
    Latitude
    33.95636

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space, ideal for owner-user or lease.
    Where is this retail property located?
    The property is located at 3912 Merrill Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $999,888.
    (818) 550-0760
    Request Owner's contact information
    3912 Merrill Ave Riverside, CA 92506
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    Riverside, CA 92506
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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
    3912 Merrill Ave Riverside, CA 92506
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