9471 Magnolia Ave Riverside, CA 92503
- Retail space
- 6,700 SF
- 0.18 lot acres
Current Use by Public Records
- Retail space
Property Details for 9471 Magnolia Ave
- Year built
- 1941
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.18 lot acres
- Property size
- 6,700 SF
- Zone code
- CLD
- Property type
- Retail space
- APN
- 191-313-004
- APU
- 191313004
Description
This exceptional new development presents a rare opportunity for retail businesses seeking high visibility and substantial foot traffic. Located at the northeast corner of Magnolia Avenue and Van Buren Boulevard, this property boasts a prime location at Riverside's fourth busiest intersection, experiencing approximately 75,299 vehicles daily. The development features striking Spanish Mediterranean architecture, creating an attractive and memorable setting for any business. Available spaces range from 842 square feet to 1,177 square feet, offering flexibility for various retail concepts, including restaurants. Each space includes the potential for both indoor and outdoor patio areas, enhancing the customer experience and creating versatile options for dining or shopping. The strategic location offers unparalleled access to a dense population base, with close proximity to key landmarks such as the Galleria at Tyler Mall, Kaiser Permanente Medical Center, California Baptist University (enrolling 11,310 students), Sherman Indian High School, Parkview Community Hospital, Castle Park Amusement Park, and the LA Kings Icetown Practice Facility. Prominent signage opportunities along Magnolia and Van Buren avenues ensure maximum brand exposure. This is an exceptional chance to establish a thriving business in a vibrant and high-traffic area of Riverside. Contact us today to learn more about this exciting redevelopment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,200,000
- 6.5%
- $1,090,000
- 7%
- $1,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,005,000
- Geo Method
- $1,220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,145,000
- Retail
- $1,170,000
- Mixed-Use
- $890,000
- Hospitality
- $1,020,000
- Educational
- $1,215,000
- Residential Income
- $1,160,000
- Energy
- $970,000
- Income-Based Land
- $1,105,000
- Food Service
- $920,000
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.446
- Latitude
- 33.921
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
