3767 Iowa Ave - Freestanding FOR SALE


Riverside, CA 92507- University
$4,203,000 USD
951-963-4131
3767 Iowa Ave, Riverside, CA for Sale
$4,203,000 USD
Freestanding - FOR SALE
1/27
null | Request Cap Rate

3767 Iowa Ave
Riverside, CA 92507
University


HIGHLIGHTS

  • Convenient access to I-215
  • Fully equipped restaurant space
  • Prime location near UC Riverside
  • High-density area with strong student and residential population
  • Strong redevelopment or repositioning potential

OVERVIEW

3767 Iowa Avenue is a ±4,978 square foot freestanding retail building situated on a ±26,136 square foot (0.60-acre) parcel in the heart of Riverside, California. The property is currently leased to Zacatecas Café, a long-standing local restaurant operator, providing immediate in-place income. The building offers over 100 feet of frontage along Iowa Avenue and is fully improved with a commercial kitchen, bar, and banquet/event space, making it well-suited for continued restaurant use or adaptive retail reuse. Strategically located near the highly trafficked University Avenue corridor and in close proximity to UC Riverside, the property benefits from strong daily traffic counts, a dense student and residential population, and immediate access to the I-215 freeway. The surrounding area is supported by national retailers and neighborhood-serving businesses, providing consistent consumer demand. The site is zoned MU-U (Mixed-Use Urban), allowing for high-density, walkable, and transit-oriented development. This creates a compelling opportunity for investors to acquire a covered land play with current income, while maintaining the ability to reposition or redevelop the site in the future. The combination of in-place cash flow, strong location fundamentals, and flexible zoning positions 3767 Iowa Avenue as a unique investment opportunity in a supply-constrained infill market.

FOR SALE DETAILS

PRICE

$4,203,000 USD

PRICE/SF

$844 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

C11

APN/PARCEL ID

250-190-036

ASK ABOUT THIS PROPERTY

Isaac AltunaForemost Commercial Real Estate ServicesMore Info
951-963-4131

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Isaac AltunaForemost Commercial Real Estate ServicesMore Info
951-963-4131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.