3700 Main St Riverside, CA 92501
- Retail space
- 14,700 SF
- 0.32 lot acres
Current Use by Public Records
- DOWDY Threads / Clothing Store
- A D Jewelry Creations / Jewelry Store / Clock Repair Service
- Mission Galleria Antique Shoppe / Antique Store / Cafe
Property Details for 3700 Main St
- Year built
- 1940
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.32 lot acres
- Property size
- 14,700 SF
- Zone code
- C3
- Property type
- Retail space
- APN
- 213-271-001
- APU
- 213271001
Description
This iconic 54,000 square foot, multi-story building presents a unique adaptive reuse opportunity in Riverside's vibrant Mission District. Located on Main Street, this 1938 Art Deco structure sits on a 13,939 square foot lot and offers significant value-add potential. Currently operating at 65% occupancy with a $524,997 NOI and a 6.56% cap rate, projections show a pro-forma NOI of $774,193 and an 8.05% cap rate. The property includes eight parking spaces and is zoned C3. Current tenants include a well-established coffee shop, cafe, and bar. The building features soaring ceilings (15-20 feet) and presents an excellent opportunity for redevelopment into housing or additional retail space, leveraging the high density demographics (246,000+ within a 5-mile radius, average household income $93,471, average household retail expenditure $136,895). All tenants are month-to-month. Asking price is $8,000,000. Buyer to verify square footage.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $515,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Riverside
- County
- Riverside
- State
- California
- Longitude
- -117.374
- Latitude
- 33.9825
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
