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Property profile & analytics
OFF-MARKET
Neighborhood centers

3355-3375 Iowa Ave Riverside, CA 92507

35,660 SF 2.12 ac lot Built 1986
Property ID
Property summary
AI-generated overview

University Heights Shopping Center, a Class C retail strip center in Riverside, CA, presents an exceptional investment opportunity. This 35,660 square foot property, built in 1986, sits on 2.12 acres of land (APN 250-150-009) and boasts 140 parking spaces. The center is conveniently located at 3355-3375 Iowa Avenue, Riverside, CA 92507, offering excellent visibility with Iowa Avenue frontage and potential freeway signage. Its strategic location near UC Riverside ensures high foot traffic and a strong customer base within a thriving residential community. Immediate access to I-215 freeway provides unparalleled convenience. Currently, there are two available suites: a 2,400 square foot space (formerly a gym) and an 1,100 square foot space (formerly a Metro PCS store). The minimum divisible space is 1,100 square feet, with a maximum contiguous space of 2,400 square feet. A total of 3,500 square feet is currently vacant. The property is zoned CR and has a building floor area ratio of 0.3. This is a rare chance to establish or expand your business in a high-demand area with strong demographics. The property offers significant potential for growth and return on investment.

Property profile
Verified
Property type Neighborhood centers
Year built 1986
Total area 35,660 SF
Lot 2.12 ac (92,347 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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