$1,998,000

Iowa Avenue

Riverside CA, 92507

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.

Details

MLS#P0-820001042
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1955
Days On Site98

Features

Units2
ZoningC1CP, C General

Market Activity 92507

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Area Information
StateCA
CountyRiverside
CityRiverside
Zip Code92507
Area252 - Riverside
Listing VS Median (in 92507)
Price:
$1,998,000
low | high
Med:
$425,000
100% of Average
On Site:
98
low | high
Med:
10
100% of Average
Listing Updated: December 4, 2020 5:10:26 AM PST
Jim Rock LogoMLS Number: P0-820001042
Listing Provided By:
Jim Rock  of  deasy penner podley
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.