3767 Iowa Ave Riverside, CA 92507
- Turn key restaurants
- 4,978 SF
- 0.60 lot acres
Current Use by Public Records
- Riverside Sunrise Rotary Club / Association Or Organization
- Zacatecas Cafe / Mexican Restaurant / Burrito Restaurant
Property Details for 3767 Iowa Ave
- Year built
- 1963
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.60 lot acres
- Property size
- 4,978 SF
- Zone code
- R1
- Property type
- Turn key restaurants
- APN
- 250-190-036
- APU
- 250190036
Description
This exceptional 4,978 square foot restaurant building is situated on a 0.6-acre lot at 3767 Iowa Avenue in Riverside, CA. Its prime location near UC Riverside offers a built-in customer base of students, faculty, and residents within a high-density area with strong demand for dining options. The property is ideally positioned within a designated redevelopment zone, poised to benefit from significant infrastructure improvements and economic growth initiatives designed to increase foot traffic and enhance business visibility. These planned enhancements promise to significantly boost the area's appeal and long-term property value, creating a strong economic upside for the owner. This turnkey opportunity is perfect for an established restaurant operator looking to expand, a new entrepreneur launching a concept, or an investor seeking a strategic acquisition in a rapidly developing corridor with substantial growth potential. The $4,000,000 asking price reflects the property's exceptional location and future prospects. This is a rare chance to secure a thriving restaurant space in a dynamic and expanding market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.34
- Latitude
- 33.9765
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
