211-231 S Riverside Ave - Storefront Retail/Office FOR SALE


Rialto, CA 92376
$3,450,000 USD
213-880-8107
211-231 S Riverside Ave, Rialto, CA for Sale
$3,450,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | 9.08% Cap Rate

211-231 S Riverside Ave
Rialto, CA 92376


HIGHLIGHTS

  • Mixed Use: 19,170 SF total building space, 58,749 SF total land.
  • Endless potential for expansion, parking, outdoor seating.
  • Location falls under Core Commercial zoning, with potential for mixed-use retail and residential development.
  • Untapped value: Unrecovered CAM despite lease provisions.

OVERVIEW

Remarkable investment opportunity in the heart of Rialto with a captivating mixed use commercial & residential property. The retail & office portion features a sprawling 45,249 square feet of land and 19,170 SF building with 33 tenanted units (note: basement area not included in stated square footage) , ensuring immediate cash flow and stability in the thriving community. Its flexible layout and modern design cater to various ventures, be it retail, office, or warehousing needs, with room for expansion to meet evolving demands. The residential portion includes a 942 SF building on 6,000 SF of land. Also included is an additional commercial lot comprising 7,500 SF. With the combined portfolio encompassing an impressive 20,112 SF of building space and 58,749 SF of land, there are endless possibilities for expansion, additional parking, outdoor seating, and more. Unlock success and growth in Rialto with this exceptional investment, offering a perfect balance between stability and potential for your clients' ventures. Moreover, the property's location falls under Core Commercial zoning, an old designation primarily used for downtown retail purposes under a 45-year-old plan. However, the city is currently in the process of updating and developing a replacement to the Foothill Central Specific Plan, which will allow for mixeduse retail and residential development. The new plan proposes building up to 40- 45 units per acre, spanning 4 to 5 stories with a height of 55 feet, and a parking requirement of 2.25 spaces per unit. This forward thinking zoning update opens up even more potential for future growth and diversification of the property.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

9.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

211-231 S Riverside Ave, Rialto, CA 92376

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

CC - Core Commercial

APN/PARCEL ID

0130-291-12,0130-291-23,0130-291-40,0130-291-44,0130-291-45

ASK ABOUT THIS PROPERTY

Francisco WilliamsKW Commercial Beverly HillsMore Info
213-880-8107

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Francisco WilliamsKW Commercial Beverly HillsMore Info
213-880-8107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.