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Arlington Avenue - EAST OF SR-91, NORTHWEST OF ARLINGTON AVENUE

2.14 Acres of Commercial Land Offered at $2,499,999 in Riverside, CA 92506

Investment Highlights

  • MULTIPLE possible Commercial Uses
  • Centralized location.
  • GREAT Freeway frontage on elevated and highly visible line-of-sight location.

Executive Summary

OWNER is flexible, and will consider various options, including:
1. Lease - price open to negotiation.
2. Lease with Purchase Option
3. Sell
4. Possible SELLER Financing,
5. Other terms and concessions, including allowing time for Entitlements.
6. Assisting in BUYER needs, including IRS code section 1031 exchange requirements, and so forth.
TWO - LOTS available are APN # 225-350-077 and APN # 225-350-078 - combined total of more than 93,000 sq. ft.

Property Facts

Price $2,499,999
Sale Type Investment
Sale Conditions Bulk/Portfolio Sale
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 2.14 AC

1 Lot Available

Lot 225-350078

Price $2,499,999
Price Per AC $1,168,454
Lot Size 2.14 AC

TWO (2) contiguous, flat, level, and compacted - easily accessible parcels totaling more than 93,000 sq. ft, zoned GENERAL COMMERCIAL, with approximately 450’ of frontage on the Riverside #91 Freeway, in an elevated and HIGH VISIBILITY location.

Description

Offered by Wade Woodcock, CA DRE # 01375606. TWO (2) large contiguous, level, flat, compacted dirt, and easily accessible parcels, APN's # 225-350 -078 and -077, totaling more than 93,000 sq. ft, zoned GENERAL COMMERCIAL, with approximately 450’ of frontage on the Riverside #91 Freeway, in an elevated and HIGH VISIBILITY location. Bordered by Freeway fencing on front, rail lines and Self-Storage facility on the back, with 24 Hour Fitness Gym on the south side, and chain link fencing on the north side. Per CITY RIVERSIDE, the GENERAL COMMERCIAL zone is usable for a broad variety of uses, including: (a) Outdoor Storage (b) Self-Storage (c) Yards for many uses below, including; a. Cranes b. Trucks c. Contractor yard & storage d. Vehicles e. Materials f. FLEET parking g. Repair (d) Manufacturing (e) Warehouse (f) Auctions (g) Services (h) Wholesale (i) Retail (j) Other Per CITY, this area is also zoned for Commercial Development. Land sits next to FREEWAY EXIT located shopping center, including a ’24 Hour Fitness’ facility, and in between the ARLINGTON and CENTRAL AVENUE exits of the #91 Freeway. NOTE: Some various and sundry uses might require a CUP, special permitting, and/or other requirements to meet CITY regulations, so please contact CITY RIVERSIDE Planning (951) 826-5800 to verify that all intended uses and potential applications are allowable under the GENERAL COMMERCIAL Zoning. OWNER is flexible, and will consider various options, including: 1. Lease 2. Lease with Purchase Option 3. Sell 4. Possible SELLER Financing, 5. Other terms and concessions, including allowing time for Entitlements. 6. Assisting in BUYER needs, including IRS code section 1031 exchange requirements, and so forth.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 225-350-077
  • 225-350-078
Land Assessment
$462,000
Improvements Assessment
$0
Total Assessment
$462,000

zoning

Zoning Code GC (General Commercial. See Property Description for some of the uses allowed, but BUYER must verify with City RIVERSIDE for their intended applications.)
GC (General Commercial. See Property Description for some of the uses allowed, but BUYER must verify with City RIVERSIDE for their intended applications.)
  • Listing ID: 33506918

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: Arlington Avenue, Riverside, CA 92506

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