9563 Magnolia Avenue Riverside, CA, 92503
$ 1,774,000Bedrooms Baths0.0
for $1,774,000. The lot size is 0.3541 Acre(s).
Progressive Real Estate Partners is pleased to present theopportunity to acquire a 100% Occupied Multi-tenant RetailBuilding in the city of Riverside. The property is leased tothree service tenants including Body Massage, Water IslandFoot Body Massage and Threshold Fitness with fixed 3%annual increases, offering investors a hedge against inflation.Magnolia Avenue is one of Riverside's primary commercialcorridor; the subject property is located on MagnoliaAvenue just west of Van Buren Boulevard intersection withtraffic counts of over 67, 000 cars per day.
Interior* Excluded Features
Water Source Public Water
List By Progressive R. E. Partners
- Monthly Principal & Interest
- Monthly Property Taxes
- Monthly Home Insurance
Default based on a 30-year fixed rate of 4.125% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Commerical listings in Riverside, CA
Average List Price $605,938
Percent of Sale Price 66 %
About Riverside, CA
24 % Since 2002
$ 56,617 Median Income
31.74 Median Age
37 % Households with Children