9608 Msn Blvd Riverside, CA 92509-2639

Property Details for 9608 Msn Blvd

Year built

1945

Construction

TILT-UP CONCRETE

Lot size

0.22 lot acres

Property size

2,380 SF

Zone code

C1

Property type

Turn key restaurants

APN

170-250-052

APU

170250052

Description

Exceptional opportunity to acquire the River Lounge Bar, a well-established business operating for over 70 years in Riverside, CA. This turnkey operation includes the building and a substantial 9,583 sq ft lot, offering significant potential for growth. The 2,380 sq ft bar boasts a prime location with ample parking (22 spaces) and high foot traffic. Currently generating a NOI of $35,000 and a 2.12% cap rate, the asking price is $1,650,000 ($693.28/sq ft). Features include a stage for live music (with an included entertainment license), multiple coin-operated games, ample seating for over 44 patrons, central air conditioning and heating, employee changing area, owner's office, inventory room, and equipment room. Security cameras monitor the interior and exterior. The property also includes a large commercial-grade hood, presenting the possibility of converting part of the space into a restaurant. Built in 1945, this single-story building sits on APN 170-250-052, 170-250-051 at 9608 Mission Blvd, Riverside, CA 92509. The property is available for occupancy on July 31, 2024. Previous use as a steakhouse adds further versatility. The existing alcohol license is included in the sale. This is a rare opportunity to own a thriving business with substantial upside potential.

Location Insight

City

Riverside

County

Riverside

State

California

Longitude

-117.494

Latitude

34.0114

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments