Magnolia Avenue, Riverside, California 92505
Listed By CURB
The Commercial Property for Sale located at Riverside, California 92505 is currently for sale. Riverside, California 92505 is listed for $2,750,000. If the property located at Riverside, California 92505 isn't what you're looking for, visit https://haussmannrealty.xomio.com to see other Commercial Properties for Sale in Riverside .
Date Updated : May 8, 2025
MLS#: 373884961
$2,750,000 USD
- Minimum sellable space
7,565 m² (81,431 ft²)
Property features
Construction details
- Year built: 1946
Other features
- Heating system: Central
Area
- Property size:
7,565 m² (81,431 ft²) - Land/Lot size:
3,804 m² (40,946 ft²)
Description
( Check The Pictures For Our Conceptual Design ) The property currently features a single-family residence and a detached garage, both slated for demolition to make way for a proposed 51-unit apartment development. The project includes: 46 one-bedroom units 5 two-bedroom units 82 parking stalls (all located on the first floor) A four-story building with a gross building area of 81,431 square feet Situated on a 40,946 square foot lot All units offered at market-rate rents The site is zoned MU-U-TA (Mixed-Use, Multi-Family, Urban Transit-Oriented). Comprehensive plans have already been prepared, including: Architectural design Structural engineering Civil engineering Geotechnical report MEP (Mechanical, Electrical, Plumbing) Title 24 Compliance This project is designed to maximize the potential of this prime location while adhering to zoning and transit-oriented development principles
Location
Listing Contact: 951-331-8453
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