6876 Magnolia Avenue, Riverside (City), 92506

REDUCED 11% Commercial - Retail For Sale


MLS® #: CV20016182
Active, 160 Days on Market

Progressive Real Estate Partners is proud to present the opportunity to acquire an 8,633 SF former bank building located along Magnolia Avenue, one of Riverside’s primary office/commercial corridors. With visibility to over 21,560 cars per day and a 3-mile population of 114,593 investors and business operators can benefit from acquiring a well maintained asset that can house their business while also providing an opportunity for leased income. ±8,633 SF fully improved former bank building • 4 total buildings with shared courtyard space • Dedicated parking field with ample 5.5:1000 parking ratio (48 total spaces) • Well situated for a variety of uses including: • Medical, accounting, financial planning, insurance, law firm, educational, and more • Opportunity to take advantage of financing from the Small Business Administration at record low rates. Typically requiring a down payment of as little as 10% to 15%, an owner-user could own and occupy this building for as little as $0.95/SF/MO and eventually own the building free and clear. • Recent improvements include: • Upgraded exterior lighting • New exterior paint • New security gates Click link for property video: https://spark.adobe.com/video/uf6ym9pNfuj4M

Essential Information

MLS® #: CV20016182
Price: $1,700,000
Acres: 0.94
Type: Commercial
Sub-Type: Retail
Status: Active

Community Information

Address: 6876 Magnolia Avenue
Area: Riverside (252)
City: Riverside (City)
County: Riverside
State: CA
Zip Code: 92506


Lot Description: Lot Over 40000 Sqft

Additional Information

Date Listed: December 27th, 2019
Days on Market: 160

Listing Details

Listing Agent: Brad Umansky(01137100)

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Listing information last updated on June 5th, 2020 at 11:00am PDT.

Based on information from California Regional Multiple Listing Service, Inc. as of June 5th, 2020 at 11:12am PDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.