400 Main St Riverside, CA 92501
For Lease
This exceptional 5.61-acre industrial land parcel presents a rare owner-user or investment opportunity in Riverside, California's highly sought-after Inland Empire market. Located at 400 and 424 Main Street, this property boasts immediate occupancy of approximately 2.34 acres, with an additional area available for expansion by September 2025. The site features partially paved/graveled grounds and benefits from Main Street frontage and BMP zoning, offering flexibility for various industrial outside storage (IOS) uses and future redevelopment potential. Its strategic location just north of the SR-60, SR-91, and I-215 freeway interchange provides convenient access to major transportation arteries and places it at the entrance of the Agua Mansa Industrial Corridor, home to prominent national and regional industrial tenants such as Amazon, FedEx, and Walmart. The surrounding area demonstrates strong demographics, with a 5-mile population of 244,530 and an average household income of $94,901. The Inland Empire's robust economy, consistently ranking as Southern California's top-performing market for nine consecutive years, and its position as the leading industrial market in the United States, further underscores the investment potential of this property. The Riverside submarket's low vacancy rate of 4% in Q4 2023 highlights the high demand for industrial space in this area. This property offers a unique blend of immediate usability and future growth potential in a thriving industrial hub. The zip code is 92501.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Riverside, CARiverside. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.