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    4398 Park Ave Riverside, CA 92507

    For Sale
    $1,095,000

    Prime Riverside commercial warehouse, high traffic location.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This 2,000 square foot warehouse, situated on a 0.05-acre lot at 4398 Park Avenue in Riverside, CA 92507, presents a compelling investment opportunity. Located on a corner lot at the intersection of Park Avenue and 14th Street, this property benefits from high visibility and significant traffic volume due to its proximity to the busy 14th Street and a convenient location approximately half a mile from the 91 freeway. A traffic signal at the intersection ensures excellent accessibility. Ample street parking is available. The property is currently leased on a month-to-month basis to a fellowship group. This presents an ideal scenario for an owner-user seeking a high-traffic location to operate their business. The property is zoned commercial and is situated within a transit corridor. An adjacent property is also available for purchase for an additional $599,999, offering the potential for combined ownership and use, such as living in one property and operating a business in the other. The seller is open to financing options. This is a rare opportunity to acquire a well-located commercial warehouse in a thriving Riverside area.

    Property Features for 4398 Park Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    2,000 SF
    Lot Size
    2,178 SF

    HighLights

    • 2,000 SF warehouse on a 0.05‑acre lot at 4398 Park Ave, Riverside, CA 92507.
    • High‑visibility corner lot at Park Ave & 14th St, near the 91 freeway.
    • Currently leased month‑to‑month; ideal for owner‑user.
    • Commercially zoned, located in a transit corridor.
    • Adjacent property available for $599,999.
    • Seller financing options available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Iglesia De Dios ... Religious Institution Comunidad San Pedro ... Religious Institution

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm 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
    -117.3682808
    Latitude
    33.9716516

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    FAQs

    What type of property is this?
    Distribution property - Prime Riverside commercial warehouse, high traffic location.
    Where is this distribution property located?
    The property is located at 4398 Park Ave Riverside, CA.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: 2,000 SF warehouse on a 0.05-acre lot at 4398 Park Ave, Riverside, CA 92507.; High-visibility corner lot at Park Ave & 14th St, near the 91 freeway.; Currently leased month-to-month; ideal for owner-user.
    Request Owner's contact information
    4398 Park 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
    4398 Park Ave Riverside, CA 92507
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