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The Powers Building 4060 Chestnut St

3,135 SF 39% Leased Office Building Riverside, CA 92501 $975,000 ($311/SF) 4.72% Cap Rate

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Investment Highlights

Close to the courthouses
Single User or Multi Tenant

Downtown Riverside

Executive Summary

Office building located in downtown Riverside within walking distance to the courts, City Hall, Mission Inn and more. This two-story 3,108+/- square foot office was built in 1990 and sits on .18 acres. A shared parking lot offers 40+ parking spaces and shared common areas that are managed by a management company for the owners of the office buildings in this complex. The layout of this building makes for a great single user or multi-user design with virtually a mirror image of the first and second floors with bathrooms upstairs and downstairs as well as a kitchenette on both levels. Currently being used by a counseling center and a financial services business but could make for a great building for attorneys, financial professionals, real estate/property management, and more.