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    103 La Cadena Dr Riverside, CA 92501

    Sponsored
    For Sale
    $850,000

    1.21 Acres, Light Industrial Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.21-acre commercial and industrial land parcel presents a prime development opportunity in Riverside, CA. Located at 101 W La Cadena Dr, the property boasts a Light Industrial (LI) zoning designation, allowing for a variety of commercial or industrial uses. With approximately 275 feet of frontage, the site offers high traffic visibility, benefiting from a daily traffic count exceeding 166,000 vehicles on the nearby 215 Freeway, plus an additional 9,500 cars daily on La Cadena Avenue. The convenient location provides immediate freeway access, ensuring optimal accessibility for businesses and employees. The land itself is level and features connected utilities from a previous structure, simplifying development. While the Riverside County zoning map shows residential zoning, the land use designation is Industrial, restricting development to commercial or industrial projects. Prospective buyers should verify all information independently and contact the county planner for detailed zoning information. This versatile parcel represents a significant investment opportunity in a thriving market. The asking price is $850,000. The APN is 246110005.

    Property Features for 103 La Cadena Dr

    General Information

    Property type
    Land
    Lot Size
    52,708 SF

    HighLights

    • 1.21‑acre lot.
    • Light industrial zoning.
    • High traffic count exceeding 166,000 vehicles per day with excellent freeway visibility.
    • All utilities are connected.
    • Approximately 275 feet of street frontage.
    • Direct freeway access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel 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
    -117.34046780739
    Latitude
    34.018737490791

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    FAQs

    What type of property is this?
    Land - 1.21 Acres, Light Industrial Zoning, High Visibility
    Where is this land located?
    The property is located at 103 La Cadena Dr Riverside, CA.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 1.21-acre lot.; Light industrial zoning.; High traffic count exceeding 166,000 vehicles per day with excellent freeway visibility.
    Request Owner's contact information
    103 La Cadena Dr Riverside, CA 92501
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    Riverside, CA 92501
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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
    103 La Cadena Dr Riverside, CA 92501
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