351 Orange St Riverside, CA 92501-1113
- Manufacturing properties
- 1.86 lot acres
Current Use by Public Records
- Schwans Mail Order / Delivery Service
- Schwan’s Home Delivery / Grocery Delivery Service
- Schwans Consumer Brands / Wholesale Food Store
Property Details for 351 Orange St
- Lot size
- 1.86 lot acres
- Zone code
- IP
- Property type
- Manufacturing properties
- APN
- 246-082-011
- APU
- 246082011
Description
This exceptional Riverside County industrial property offers a unique investment opportunity. The site encompasses three buildings totaling 12,391 square feet on a 3.72-acre lot, with multiple tenancy options available. Two warehouse spaces are immediately available, ranging from 5,441 to 6,950 contiguous square feet. One building boasts approximately 6,950 square feet of metal construction, featuring four grade-level and one dock-high loading doors, offering excellent clear span functionality. A second metal building comprises approximately 5,441 square feet with one dock-high door and clear span design. Additionally, a third building of approximately 3,000 square feet is currently used for cold storage and is available for lease or demolition, presenting flexibility for future development. The property features a fully fenced and paved yard, enhanced security with cameras throughout, and 45 electrical hookups for trailers (30 and 50 amp service). High-power electrical service is available (1,200 amp, 277/480V, verification recommended). The property is conveniently located near the 60/91/215 freeways, providing easy access to major transportation arteries. Zoned for industrial use, this property is ideal for a variety of businesses seeking a strategic location and versatile warehouse space. The property's APN is 246-082-006; 246-082-007; 246-082-011. The asking lease rate is $48,613 per month, or $0.30 per land square foot. The property is also available for sale.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,170,000
- 6.5%
- $1,935,000
- 7%
- $2,195,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,895,000
- Geo Method
- $1,930,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,175,000
- Retail
- $1,745,000
- Mixed-Use
- $2,030,000
- Hospitality
- $1,645,000
- Educational
- $2,175,000
- Residential Income
- $1,925,000
- Energy
- $2,220,000
- Income-Based Land
- $1,835,000
- Food Service
- $1,960,000
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.35
- Latitude
- 34.018
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
