3678 Central Ave, Riverside, CA 92506
- Strip malls
- 2,838 SF
- 0.37 lot acres
Current Use by Public Records
- Kung Fu Tea / Cafe & Coffee Shop
- Pizza Twist / Restaurant
- HobiCupsleeves / Restaurant
- The Loop / Take-out & Catering
- Cbre / Real Estate Agency
Property Details for 3678 Central Ave
- Year built
- 2020
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Zone code
- C3
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 225-231-010
- APU
- 225231010
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 16, 2024 | $2,700,000 | 16585 Via Floresta LLC | Zions Bancorporation NA | Grant Deed | — |
| Aug 14, 2024 | $2,646,353 | Zions Bancorporation NA | Opt Riverside Central LLC | Trustees Deed · related | — |
| Oct 19, 2018 | — | Opt Riverside Central LLC | — | Deed · related | $4.6M · Zions Bancorporation N A |
| Jan 19, 2018 | $2,200,000 | Opt Riverside Central LLC | Southland Real Estate LLC | Grant Deed | $1.2M · Vectra Bk/co |
| Jun 10, 2011 | — | Southland Real Estate LLC | — | Deed Of Trust · related | $3M · East West Bank |
| Dec 28, 2010 | — | Southland Real Estate LLC | Wells Fargo Bk NA | Grant Deed | — |
| Aug 14, 2009 | $1,630,178 | Fargo Bk NA Wells | Td Service Co | Trustees Deed · related | — |
| Oct 27, 1995 | $1,493,090 | Brian Frantz | Central-deanza LLC | Grant Deed | $650k · De Anza National Bank |
| — | — | Brian Franz | — | Deed Of Trust · related | $626k · Wells Fargo Bank |
| — | — | Brian Frantz | — | Deed Of Trust · related | $536k · Cdc Small Business Finance Co |
| — | — | Southland Real Estate LLC | — | Deed Of Trust · related | $4M · East West Bank |
Description
Riverside Central, a Class A, 7,531 square foot shopping center, presents a compelling value-add investment opportunity in Riverside, CA. This single-story, 2020-built property boasts eight units within a 4,800 square foot building situated on a 16,117 square foot lot (APN: 225-231-010). Located at the signalized intersection of Central and De Anza Avenues, experiencing over 44,682 cars daily, this irreplaceable corner location offers high visibility and accessibility. The property is less than 0.6 miles from the 91 Freeway and under three miles from Downtown Riverside, benefiting from a strong daytime population of 143,006 residents and proximity to Riverside Plaza, a major shopping destination. The attractive architectural design features outdoor patio dining areas, ideal for the Southern California climate. Currently, several units are available for lease, allowing a new owner to increase occupancy and cash flow. The existing tenants generate immediate income, while the potential for full occupancy promises significant value appreciation. The property's location in a mature trade area with limited development opportunities creates high barriers to entry for future competition. Original entitlements include approvals for alcohol sales in approximately 3,000 square feet of patio space. The asking price is $3,500,000 ($729.17/sq ft), representing a significant discount to replacement cost. This presents an exceptional opportunity for an owner-user or investor to capitalize on the explosive growth of the Inland Empire, with a population exceeding 4.5 million and average household incomes within three miles exceeding $111,000. The food and beverage tenant base offers resilience against various economic factors.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,700,000
- ML approach
- $2,700,000
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $2,445,000 Current use
- COMMERCIAL (GENERAL)
- $4,135,000 Change: +69% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.394
- Latitude
- 33.9531
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
