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    Iowa Avenue

    Riverside, CA 92507
    • $1,998,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: P0-820001042
    UPDATED: 21 min ago
    $1,998,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,900
      SQFT
    • $512
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Deasy Penner Podley is proud to present this percentage commercial lease investment opportunity. There is a very strong 5 year base-lease in place with two five-year options to renew with a CPI increase annually. Additionally there is a 2.5 percent Non-Managing member interest in the business, the license value and profits derived from the business. The two building is presently in permit process for a major remodel. The buildings combined are approximately 3900 sqft. and the two parcels combined are 15680 sqft. This is a unique opportunity for the savvy investor. Please call Listing Agent for additional details and information.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T19:25:08.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/109536825
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    Iowa Avenue Riverside, CA 92507

    • Price: $1,998,000
    • Status: Active
    • Updated: 21 min ago
    • ID#: P0-820001042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    3,900
    SQFT
    $512
    $/SQFT
    1955
    Built
    Neighborhood:
    Not Applicable - 1007242
    County:
    Riverside
    Area:
    252 - Riverside
    Property Description
    Deasy Penner Podley is proud to present this percentage commercial lease investment opportunity. There is a very strong 5 year base-lease in place with two five-year options to renew with a CPI increase annually. Additionally there is a 2.5 percent Non-Managing member interest in the business, the license value and profits derived from the business. The two building is presently in permit process for a major remodel. The buildings combined are approximately 3900 sqft. and the two parcels combined are 15680 sqft. This is a unique opportunity for the savvy investor. Please call Listing Agent for additional details and information.
    Exterior Features

    Carport Spaces 5.00 Construction Materials AsphaltPlasterSynthetic StuccoStuccoWood Siding Lot Features Back YardRectangular LotNear Public Transit Lot Size Dimensions 100 X 156 Lot Size Units Square Feet Parking Total 15.00 Roof CompositionRolled/Hot MopShingle Uncovered Spaces 10.00

    Interior Features

    Heating Forced Air Heating YN Yes Office Class B

    Property Features

    Accounting Type Actual Asset Class Specialty Business Name On File Business Type OtherRetailConvenience StoreStand-AloneSingle-TenantSpecial Use Country Us Effective Gross 3900 Electric Electricity - On Property Existing Lease Type Modified Gross Inclusions LandBuildingsWith A 5 Year Lease in Place With 2 Years Options To Renew There is A 2.5% Non-Managing Ownership in The BusinessIts License Value And Profits Derived From The Business. . Investment Property YN Yes Land Use OtherRetail Lease Renewal Option YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Subdivision Name Other Not Applicable - 1007242 Utilities Natural Gas Available Water Source Public Year Established 2019 Zoning C1cpC General

    Listing provided courtesy of Jim Rock of Deasy Penner Podley


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T19:25:08.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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    Hart Coastal Group
    57 Via Zaragoza
    San Clemente CA, 92672