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    1350 Citrus St Riverside, CA 92507

    For Sale
    Contact for pricing

    24,960 SF Warehouse, Value-Add Opportunity

    Property size:
    24,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 24,960-square-foot industrial building presents a compelling value-add investment opportunity in Riverside, CA. Situated on a generous 1.18-acre lot, this single-story Class B property boasts a 24-foot minimum clear ceiling height, four loading positions with two dock-high doors, and approximately 3,000 square feet of office space. Currently 100% occupied with a gross lease expiring July 31, 2024, the property offers flexibility for potential buyers. The lease can potentially be extended, or the property delivered vacant at the close of escrow, catering to both investors and owner-users. The property features Business and Manufacturing Park (BPM) zoning, 800 amps of power at 277/480 volts (verification recommended), and a .42/2000 sprinkler system (verification recommended). The expansive lot provides significant potential for expansion or outdoor storage. The asking price is $6.8 million (reduced from $7.125 million), and a 1031 exchange is possible. The property's Assessed Parcel Number (APN) is 247-140-026, with a combined sale option including APNs 247-140-006, 247-140-007, and 247-140-014. This property is ideally suited for various uses, including distribution, manufacturing, and storage, and benefits from its strategic location in Riverside. The large yard space is suitable for outdoor storage, contractor use, or trucking operations. Serious inquiries are encouraged to discuss lease extension or vacancy options.

    Property Features for 1350 Citrus St

    General Information

    Property type
    Distribution properties
    Square Feet
    24,960 SF
    Class
    B
    Lot Size
    51,401 SF

    Building Details

    Year Built
    1980
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Value‑add opportunity.
    • Flexible lease terms at 1350 W. Citrus; current lease expires July 31, 2024, with options, but can be vacant at close of escrow or extended to suit buyer needs.
    • Suitable for investors or owner‑users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Riverside
    County
    Riverside
    State
    California
    Longitude
    -117.34110418058
    Latitude
    34.008436171096

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    FAQs

    What type of property is this?
    Distribution property - 24,960 SF Warehouse, Value-Add Opportunity
    Where is this distribution property located?
    The property is located at 1350 Citrus St Riverside, CA.
    What are key features of this property?
    This property features: Value-add opportunity.; Flexible lease terms at 1350 W. Citrus; current lease expires July 31, 2024, with options, but can be vacant at close of escrow or extended to suit buyer needs.; Suitable for investors or owner-users.
    Request Owner's contact information
    1350 Citrus St 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
    1350 Citrus St Riverside, CA 92507
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