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12702 Magnolia Ave
Riverside, CA 92503

Lincoln Square · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,072 SF
Building Class
C
Year Built
1984
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.62 AC
Zoning
C1 / CP, Riverside
Parking
193 Spaces (8.02 Spaces per 1,000 SF Leased)
Frontage
407 FT on Lioncoln St

AMENITIES

  • Pylon Sign
  • Signage
  • Signalized Intersection

ABOUT 12702 MAGNOLIA AVE , RIVERSIDE, CA 92503

-Value-Add Opportunity Through Lease-Up (25.8% Vacant) -Small Spaces for Ease of Lease-Up | Average Size is Less Than 1,000 SF Well Parked | 191 Spaces (7.93:1 Ratio) -Strong Demographics | Population of Over 277,550 with Over 108,000 Daytime Employees Within Five-Mile Radius -Signalized Corner Location | Intersection of Lincoln Street & Magnolia Avenue Boasts Traffic Counts of 24,700 Cars Per Day -Major Thoroughfare | Magnolia Avenue is a Primary Retail Thoroughfare | Numerous Shopping Centers Within 5-Mile Radius | Access to --Interstate 15 is Less Than 3 Miles Away -Recently Completed Bridge Over the Train Tracks Located Right at the Lincoln & Magnolia Intersection has led to an Increase in Traffic Counts on Magnolia Avenue -Highly Desirable Submarket with Access to Route 91 and Interstate 15 -Great Combination of Hard Corner | Mixed-Use | Residential, Industrial, Retail, and Office Use all in Close Proximity -Recently Remodeled | Building Repainted & New Drought Tolerant Landscaping Throughout -Low Price Per Square Foot | ± $138 Per Square Foot -Low In-Place Rents | ± $1.06 PSF/Mo. | Possible Additional Revenue -Monument Signage | Additional Tenant Exposure

PROPERTY TAXES

  • Listing ID: 14320492

  • Date on Market: 11/7/2018

  • Last Updated:

  • Address: 12702 Magnolia Ave, Riverside, CA 92503