4398 Park Ave Riverside, CA 92507-4933
This 2,000 square foot warehouse, situated on a 0.05-acre lot at 4398 Park Avenue in Riverside, CA 92507, presents a compelling investment opportunity. Located on a corner lot at the intersection of Park Avenue and 14th Street, this property benefits from high visibility and significant traffic volume due to its proximity to the busy 14th Street and a convenient location approximately half a mile from the 91 freeway. A traffic signal at the intersection ensures excellent accessibility. Ample street parking is available. The property is currently leased on a month-to-month basis to a fellowship group. This presents an ideal scenario for an owner-user seeking a high-traffic location to operate their business. The property is zoned commercial and is situated within a transit corridor. An adjacent property is also available for purchase for an additional $599,999, offering the potential for combined ownership and use, such as living in one property and operating a business in the other. The seller is open to financing options. This is a rare opportunity to acquire a well-located commercial warehouse in a thriving Riverside area.
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Comunidad San Pedro Apostol Church Mosque
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
C2 · 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.