6490 Magnolia Ave - Fast Food FOR SALE


Riverside, CA 92506- Magnolia Center
$2,750,000 USD
951-237-2447
6490 Magnolia Ave, Riverside, CA for Sale
$2,750,000 USD
Fast Food - FOR SALE
1/9
null | Request Cap Rate

6490 Magnolia Ave
Riverside, CA 92506
Magnolia Center


HIGHLIGHTS

  • Restaurant Building in Prime area

OVERVIEW

Prime Magnolia corner location with excellent visibility and signage on one of Riverside’s most traveled corridors, carrying approximately 15,000 to 23,000 vehicles per day. And median household income above $120K. Near Riverside City College with over 20,000 students, Riverside Community Hospital with 540 beds, and Riverside Plaza, a popular open-air retail hub. Proven QSR location currently has been operated by Alibertos Jr. Fresh Mexican Food. It’s ideal for fast-casual coffee, donut shop, your restaurant concept, even pandura. Demographics & location highlights: Strong demographics within a 5-mile radius including approximately 275,000 residents, 79,000 households, and a median household income of around $86K. It’s prices below-replacement cost, “rare to find”. Magnolia Avenue is Riverside’s premier arterial connecting downtown, Riverside Plaza, and SR-91.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

D, Riverside

APN/PARCEL ID

225-122-005

ASK ABOUT THIS PROPERTY

Gus OtakiPETROLEUM REALTYMore Info
951-237-2447

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Gus OtakiPETROLEUM REALTYMore Info
951-237-2447

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