982 & 982 1/2 Center St.and Lot FOR SALE


Riverside, CA - Highgrove
$499,000 USD
951-723-7773
, Riverside, CA for Sale
$499,000 USD
FOR SALE
1/4
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982 & 982 1/2 Center St.and Lot
Riverside, CA
Highgrove


HIGHLIGHTS

  • Retail building paired with the 33 x 75 Lot
  • High-visibility frontage near downtown Riverside
  • Development or expansion potential on 33 x 75 lot, or can be used for parking
  • Strong surrounding demographics and traffic counts
  • Ideal for owner-user or investor repositioning

OVERVIEW

982 Center Street (which is an Existing Barber Shop) presents a compelling opportunity for investors or owners seeking a versatile retail asset. The Barber Shop square footage is 960 with one bathroom. 982 1/2 Center Street is a freestanding building with 1,000 Sq.Ft and a 450 square foot loft for a total of 2000+450 Sq. Ft. for both. This building was built in the 1960s has one bathroom. 982 1/2 has been used in the past by a Paint Contractor, Bee Keeper, Sign Shop, Auto Detailer, Flower Shop, Electronic Repair, Thrift Store, Music Recording Studio, Copier Service. The property was origianlley named High Grove Bussines Center. A seperate business can be run from each building. The retail buildings paired with the 33 x 75 Lot is ideal for future development, parking expansion, or outdoor activation. Currently, this parcel can accommodate 5 to 6 vehicles. The property benefits from strong street visibility. Additonal parking for 1 car in back, 2 cars in the alley and 3 cars on the street allows plenty of parking for customers. An expansion of 700 Sq. Ft. is available, making a total of approxamentlt 3000 Sq. Ft. Riverside’s economic development initiatives and proximity to UC Riverside and the Riverside Convention Center further elevate the area’s long-term growth trajectory. Whether repositioned for a single-tenant retail use, subdivided for boutique storefronts, or integrated into a mixed-use concept, this asset offers flexibility and location strength. With Riverside’s population exceeding 320,000 and a median household income above $75,000, the surrounding demographics support a range of retail, service, and community-oriented uses. Investors can capitalize on the city’s pro-business climate and ongoing infrastructure improvements to unlock value from both the existing structure and the adjacent land.

ASK ABOUT THIS PROPERTY

Cheryl PontoCentury 21 Full Realty ServiceMore Info
951-723-7773

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Cheryl PontoCentury 21 Full Realty ServiceMore Info
951-723-7773

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