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    230 Iowa Avenue

    Riverside, CA 92507
    • $1,998,000
    • STATUS: Active
    • ON SITE: 224 days
    • ID#: P0-820001042
    UPDATED: 15 min ago
    $1,998,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1955
    County:

    School Ratings & Info

    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.

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    Based on information from CRISNet MLS as of 2021-01-26T07:55:59.363. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-26T07:55:59.363. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.thepayabgroup.com/homes/106879019
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    230 Iowa Avenue Riverside, CA 92507

    • Price: $1,998,000
    • Status: Active
    • Updated: 15 min ago
    • ID#: P0-820001042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1955
    Built
    Neighborhood:
    252 - Riverside
    County:
    Riverside
    Area:
    252 - Riverside
    Property 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.
    Exterior Features

    Construction Materials AsphaltPlasterStuccoSynthetic StuccoWood Siding Roof CompositionRolled/Hot MopShingle

    Interior Features

    Heating Forced Air Heating YN Yes

    Property Features

    Asset Class Specialty Building Status Existing Business Type OtherRetail Electric Electricity - On Property Inclusions LandBuildingsWith A 5 Year Lease in Place With 2 Years Options To Renew There is A 2.5% Non-Managing Ownership in The BusinessIts License Value And Profits Derived From The Business. . Investment Property YN Yes Land Use OtherRetail Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Water Source Public Zoning C1cpC General

    Listing provided courtesy of Jim Rock, CA DRE# , of Deasy Penner Podley.


    Based on information from CRISNet MLS as of 2021-01-26T07:55:59.363. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-01-26T07:55:59.363. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Payab Group/Berkshire Hathaway HomeServices California Properties
    16810 Ventura Blvd.
    Encino CA, 91436