Riverside, CA 92507 405 Iowa Avenue
$1,999,999
Pending
6 more
Presented By: Kim Conway with Keller Williams, The Lakes; 951-642-8056
- MLS# SW24241504
- 12/07/2024
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
SQFT • 4,045
Home Details
405 Iowa Ave in Riverside presents a prime investment opportunity to acquire a freestanding retail strip center. This single-story building features three fully leased retail units, generating a monthly income and offering a reliable and stable return for investors. This property boasts excellent accessibility, situated less than half a mile from I-215, less than 5 minutes from downtown Riverside, and 23 minutes from Ontario International Airport. Positioned on a 0.34-acre lot with 20 surface parking spaces, it is located in the East Inland Empire submarket and zoned CP, supporting a variety of retail uses. This
highly accessible property is an ideal addition to any investment portfolio.
Presented By: Kim Conway with Keller Williams, The Lakes; 951-642-8056
Interior Features for 405 Iowa Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 405 Iowa Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityRiverside
CountyRiverside
DirectionsMajor cross streets Iowa Ave and Center St
Electric On Property Y/NNo
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031, Submit
Lot Size Square Feet14810.0
Lot Size UnitsSquareFeet
MLS Area252 - Riverside
MobileHomeRemainsYNNo
New ConstructionNo
Number of Units Leased3
Occupancy TypeOwner
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubtypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Waterfront Y/NNo
Year Built1960
Year Built SourcePublicRecords
ZoningCP
Exterior for 405 Iowa Avenue
Building Area Total4045.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions.34 ACRES
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.34
Lot Size Area14810.0
Lot Size SourceAssessor
LotDimensionsSourcePublicRecords
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking20.0
Water SourceSeeRemarks
Additional Details
Price History
Hal Schlegel
Broker Associate