501 N Palm Avenue, Riverside, CA 92543
- $169,900
- List Price
- $169,900
- Price Change
- ▼ $30,100 1780211969
- Status
- ACTIVE
- MLS#
- SW26021463
- Lot Size
- 12,632
- Acres
- 0.29
- Lot Location
- Level, Paved, Street Level
- Days on Market
- 180
- Property Type
- Land
Property Description
Excellent Opportunity for Owner-User or Investor. Rare opportunity to acquire a versatile commercial lot (Zoned C-2 General Commercial) with strong income potential and value-add upside. Situated on a generous 12,632-square-foot parcel, this property offers flexible use options ideal for an owner-operator looking to secure their own space or an investor seeking future appreciation and cash flow. The property may be purchased with a 3,600SF (40’x90”) metal building for an additional $75,000, providing an efficient and cost-effective solution for immediate occupancy or lease-up. With targeted improvements, the property offers a projected 8.42% cap rate, making it well-suited for a value-add or repositioning strategy. Ample lot size allows for a wide range of commercial or industrial uses, expansion potential, outdoor storage, or operational flexibility. Whether you’re looking to operate your business, expand an existing operation, or enhance returns through improvements, this property delivers both current utility and long-term upside. Ideal for owner-users, investors, or entrepreneurs seeking flexibility, income potential, and future growth.
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Additional Information
- View
- None
- Water
- See Remarks
- Attached Structure
- Detached
Listing courtesy of Listing Agent: David Limon (dlimon@hipackinc.com) from Listing Office: Your Home Selling Pros.
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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.