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Renovated High-End Office Building
For Sale
$2,299,000

7121 Magnolia Ave, Riverside, CA 92504

Renovated in 2007 and fully occupied, offering suite layouts with conference rooms, lobbies, and a shared kitchen area.

Property SizeContact for details
Days on Market136

Property Features for 7121 Magnolia Ave

General Information

Standard status Active
Property subtype Commercial/Industrial
Occupancy 100%

Additional Details

Highway Access Yes

Amenities

conference room
lobby
shared kitchen area

Building Details

Year Renovated 2007
Listing Agency: SAN MARINO REALTY
Listed By: AARON MARIN · License #01139451
Source: Exitrealty
Added: Apr 24 Changed: Sep 1 Last Checked: Sep 5 at 6:35AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAN MARINO REALTY

Investment Insights

Based on property information with market context.

Granville Business Center is a high-end office building renovated and updated in 2007. The property is reported as 100% occupied, with a waiting list for future occupation. Suite layouts are designed around common amenities, including a conference room and lobby, plus a shared kitchen area.

The building is centrally located with freeway access and public transportation nearby, along with local restaurants, shops, and Historic Downtown Riverside. BikeScore is listed at 65 (Bikeable), walkScore at 48 (Car-Dependent), and transitScore at 22 (Minimal Transit). The public remarks also reference a first-place beautification award by the Greater Riverside Chamber of Commerce.

Note: The remarks indicate two properties are being sold at the same time, including this building at 7121 Magnolia Ave and another at 4600 Arlington Ave.

Key Highlights

  • Granville Business Center: high‑end office building renovated and updated in 2007
  • 100% occupied with a waiting list for future occupation
  • Suite amenities include a conference room, lobby, and a shared kitchen area

Property Analytics

Current Use

The Law Offices of Taylor ... Law Firm Property Management Corona Property Management Company All Minds Clear ... Crisis Center Stewart Family Counseling Psychotherapist Queen’s University of Brighton University

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Big Box & Wholesale Store Daycare Center Hotel & Motel Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,703
Businesses Nearby

Demographics for 92504, CA

54,642
Population
17,038
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
82%
High-School Grad
22.7 sq mi
ZIP Area
2,407
Density / Sq Mi
$88,168
Median Household Income
$39,539
Median Earnings
$1,758
Median Rent
$501,800
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Renovated in 2007 and fully occupied, offering suite layouts with conference rooms, lobbies, and a shared kitchen area.
Where is this office building located?
The property is located at 7121 Magnolia Ave Riverside, CA.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Granville Business Center: high‑end office building renovated and updated in 2007; 100% occupied with a waiting list for future occupation; Suite amenities include a conference room, lobby, and a shared kitchen area
More about this property
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