10689 Magnolia Ave

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10689 Magnolia Ave

Riverside, CA 92505
Asking Price
$2.27M
Asset Type
Retail
Class
Class B

What's Special

10689 Magnolia Avenue is situated in a high-traffic commercial corridor in Riverside, California. The property is positioned within a dense professional and residential neighborhood, located less than one mile from the Kaiser Permanente Riverside Medical Center and the Galleria at Tyler shopping hub. The site benefits from immediate proximity to State Route 91, providing regional connectivity to the Inland Empire and Orange County. Multiple Riverside Transit Agency bus stops are located within walking distance, ensuring consistent accessibility for pedestrians and commuters. The asset’s location is well-suited for service-oriented retail, medical office annexes, or high-visibility showroom space. The surrounding demographic supports businesses catering to local healthcare workers, residents, and regional shoppers. Typical tenants for this site include specialized clinics, professional service firms, and boutique retail storefronts that require prominent street frontage. The high daily vehicle counts along Magnolia Avenue provide significant exposure for brands seeking to establish a presence in a primary Riverside retail destination.

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NOI
$80,000
Cap Rate
3.52%
DSCR
0.59
Underwater
Cash-on-Cash
-8.07%
Monthly Payment
$11,255.459
Annual Cash Flow
$-55,065.505

Location & Travel Times