NINE PARCEL 9340-9370 MAGNOLIA AVE, RIVERSIDE WITH 1.61AC.... Well Established Neighborhood Shopping Center with infill Riverside location. Well maintained & stabilized fully occupied with Eleven spaces occupied by ten tenants long term tenants. Located on the busy corner of McKinzey and Magnolia in the heart of Riverside. Property is located on nine parcels 1.61 Acers with extra land to possibly build on in the future. High cap rate with established long term tenants will give the new owner healthy cash flow year after year. Center is anchored by a long term busy laundromat and a local antique store with a substantial client base. Long term owners have kept the center up to date with new roofs, ADA bathrooms, paint, water piping, iron fencing, and newly surfaced front & back parking lots. This is a must-see with great actual cash flow and future upside. Owners are retiring and are motivated to sell. We will look at all offers!
Listing courtesy of Azhar Sabir from Shamoon Sikora, Broker
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