9518 Magnolia AveRiverside, CA 92503

Property Details for 9518 Magnolia Ave

Year built

1920

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

8,550 SF

Zone code

CLD

Property type

Retail space

APN

234-112-003

APU

234112003

Description

This exceptional 8,550 square foot retail storefront, located at 9518 Magnolia Ave in Riverside, California (zip code 92503), presents a compelling investment opportunity. Boasting a prominent location with major visibility from Magnolia Avenue, the property sits on a substantial 26,000 square foot lot and includes ample parking for 65 vehicles. The building features a desirable open floor plan, high ceilings (12 feet), a drop ceiling, and a full HVAC system ensuring year-round comfort. Further enhancing its functionality is a bonus mezzanine level, ideal for office space or storage. The storefront includes two restrooms and a large 9' x 11' roll-up door. This property is priced at $2,250,000 and offers significant potential for a variety of retail businesses. Its size, location, and amenities make it an attractive option for entrepreneurs and investors seeking a high-impact commercial space in a thriving Riverside market. The property is zoned for retail use.

• CAP approach

  CAP return

  Valuation

  6%

  $3,454,332

  6.5%

  $3,188,614

  7%

  $2,960,856

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,779,653

  Geo Method

  $7,583,546

• Alternative Use

  Use

  Valuation

  Residential

  $2,689,716

  Hospitality

  $2,463,765

  Educational

  $2,049,823

  Medical

  $2,120,320

  Retail

  $3,188,614

Location Insight

City

Riverside

County

Riverside

State

California

Latitude

33.9198

Longitude

-117.447

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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