1350 Citrus StRiverside, CA 92507

Property Details for 1350 Citrus St

Year built

1983

Construction

TILT-UP CONCRETE

Lot size

1.18 AC

Property size (Sq ft)

22,218 SF

Zone code

MP

Property type

Industrial properties

Property subtype

Manufacturing properties

APN

247-140-026

APU

247140026

Description

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.

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

34.0071

Longitude

-117.341

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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