3590 Central Ave Riverside, CA 92506

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.