3590 Central Ave Riverside, CA 92506

Property Details for 3590 Central Ave

Year built

1977

Construction

TILT-UP CONCRETE

Lot size

1.00 lot acres

Property size

18,496 SF

Zone code

C2

Property type

Banks

APN

225-242-046

APU

225242046

Description

This exceptional Riverside, CA investment opportunity presents a 111,382 square foot, multi-tenant office and retail complex situated on a 5.06-acre lot. The property, comprised of four buildings, boasts 96% occupancy and features 439 parking spaces. Built in 1968 and extensively renovated in 2018, it enjoys a highly desirable location in the Magnolia Center neighborhood, less than four miles from Riverside Municipal Airport and three miles from the revitalized downtown area. The property benefits from its proximity to major freeways (91, I-215, SR-60, SR91), providing excellent access to Orange and Los Angeles Counties. Its location near the University of California, Riverside (UCR), a major research university, further enhances its appeal. With existing leases expiring within the next 12-18 months, this presents a unique owner-user opportunity to occupy approximately half the space while maintaining a substantial income stream. The low site coverage ratio also allows for significant redevelopment potential. The asking price is $23,000,000. This asset offers a compelling blend of immediate income and long-term growth potential within a strong, established market. The property's address is 3590, 3600, 3610, and 3630 Central Ave, Riverside, CA 92506.

Location Insight

City

Riverside

County

Riverside

State

California

Longitude

-117.391

Latitude

33.953

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments