Iowa Avenue, Riverside, CA 92507

$1,998,000
List Price
$1,998,000
Status
ACTIVE
MLS#
820001042
Year Built
1955
Days on Market
28
Property Type
Commercial

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.

Additional Information

Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s)
Heat
Forced Air
Exterior Construction
Asphalt, Plaster, Synthetic Stucco, Stucco, Wood Siding
Roof
Composition, Rolled/Hot Mop, Shingle
Water
Public
Total Number of Units
2

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jim Rock from deasy penner podley

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.