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9741 Magnolia Ave, Riverside, CA, 92503
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9741 Magnolia Ave Riverside, CA, 92503

$2,900,000 $100,000 Commercial for sale Retail

Are you looking for a building in a mature commercial area that maximize your long term investment potential while utilize 13,250 sqft building to run your own business or even rent out in Riverside? Look no more. Your opportunity is here. Free standing, one story building, in corner lot of busiest popular Magnolia street offer 24,394sqft lot size. Excellent exposure for your business due to its good location, nearby regional retailers (Starbuck, Walmart Shopping Center, Lowe"s Plaza, Galleria at Tyler Mall, and fast food restaurants (sonic drive through, McDonald's, or In & Out), easily accessible to corner lot, conveniently to Pedley Metrolink, closer to 91 freeway. The building offer upgrade security parking gate, 1 truck loading roll up door, a warehouse, 1 office and front waiting space area, 2 restrooms, high visible signage. You can access building from both sides (front and rear), many parking spaces on the back parking lot. Per city of Riverside, the zoning has changed to Mixed Use Zones (Neighborhood village Urban) that offer many more extra options for your future development while occupying the building for your own business, rent out, or develop into new opportunity for the Riverside area like group housing (convalescent Homes, SRO's, Alcohol and Drug Treatment Facil
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Property details

13,250 sqft interior area
Land area
24,394 sqft (0.56 acres)
Days on Verhouse
170
Address
9741 Magnolia Ave, Riverside, CA, 92503
City of California
Riverside
County
Riverside
Previous price
$3,000,000
Year Built
1978
District
Listing

Nearby major retailers

Aldi
Walmart Supercenter
Albertsons
Walmart Neighborhood Market
Lowe's
T-Mobile
Trader Joe's
Supermarket: 6
Do it yourself: 1
Mobile phone: 4
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Listed by

Lan Tran, 1 STOP REALTY LLC
Name
Lan Tran
License number
01791429
Brokerage company
1 STOP REALTY LLC
MLS #
CRWS23219275

Payment calculator

Calculate your monthly payments
Mortgage
$8,904
Taxes
$0
HOA dues
$0
$8,904 per month
Mortgage
$580,000 / 20%
2.28%
30 years
Your amount $8,904 / month

Lot details

TMK #145280030
Parcel nr.
145280030

92503 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data

People living in 92503

49%
Families with children
National average: 39%
22%
Non family households
202,588
Population
$80,615
Average Income

Age & gender

Median age 32 years
More info

Commute types

90% commute by car
More info

Education level

30% have high school education
More info

Number of employees

7% work in education and healthcare
More info

Vehicles available

37% have 3 or more
More info

Vehicles by gender

37% have 3 or more
More info

Housing market insights for

$620.03k
Neighborhood average
sales price*
$609.93k
Neighborhood median
sales price*
296
Number
of sales*

Housing type

69% are single detacheds
More info

Rooms

37% of the houses have 4 or 5 rooms
More info

Bedrooms

57% have 2 or 3 bedrooms
More info

Owners vs Renters

58% are owners
More info
16 / 20
Most Walkable
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Price Decrease May 3, 2024
Date Event Price $/sqft Source
May 3, 2024 Price Decrease $2,900,000 -3.33% 0 MLS #CRWS23219275
Dec 1, 2023 New Listing $3,000,000 0 MLS #CRWS23219275

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Frequently Asked Questions about 9741 Magnolia Ave

What is 9741 Magnolia Ave?

9741 Magnolia Ave is a Commercial/Industrial propertywith 13,250 sqft interior space.

What is the rental income?

-

What is the full address of this Commercial?

9741 Magnolia Ave, Riverside, CA, 92503.

What comparable properties are nearby?

Comparable nearby commercial properties include 10175 Indiana Ave, 3765 Elizabeth St, 4024 12th St, 3643 Brockton Ave, 2904 10th St, 3159 1st St.

Based on information from the bridgeMLS as of 05-18-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 03, 2024
Verhouse Last checked 4 minutes ago


The closest grocery stores are Food 4 Less, 0.67 miles away and Stater Bros., 0.68 miles away.
The 92503 zip area has a population of 202,588, and 49% of the families have children. The median age is 32.71 years and 90% commute by car. The most popular housing type is "single detached" and 58% is owner.
Commercial For sale $2.9m  $100,000 9741 Magnolia Ave, Riverside, CA, 92503 Save House Remove from Saved