3355-3375 Iowa Ave Riverside, CA 92507
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.