3891 Ridge Rd Riverside, CA 92501
This exceptional 14,000-square-foot religious facility is situated on a 1.39-acre lot in central Riverside, California, offering a prime location adjacent to Fairmount Park. The property boasts a spacious sanctuary with seating for approximately 225, along with a well-equipped kitchen, fellowship hall, numerous classrooms, and ample office space. The property includes 70 parking spaces, ensuring convenient access for congregants and visitors. Zoned R-1-7000, the property presents potential for increased density with city approval. Its convenient location provides easy access to major freeways, including I-215, Highway 60, and Highway 91, as well as a nearby Riverside Transit bus stop. The Assessor's Parcel Number (APN) is 209-163-002. California legislation allows for potential affordable housing use by right, presenting a significant opportunity for adaptive reuse. The current owner may be willing to provide a reasonable timeframe for project approvals. This property represents a unique investment opportunity in a thriving Riverside community. Asking price is $2,490,000.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.