9604 Magnolia Ave

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9604 Magnolia Ave

Riverside, CA 92503
Asking Price
$2.64M
Asset Type
Retail
Class
Class B

What's Special

9604 Magnolia Avenue is located in the Magnolia Center district of Riverside, California. The property sits along a high-traffic retail corridor characterized by a mix of established commercial businesses and residential neighborhoods. It is situated less than two miles from the Galleria at Tyler and Kaiser Permanente Riverside Medical Center. The location offers immediate access to the 91 Freeway and is served by several Riverside Transit Agency bus lines, providing connectivity to the broader Inland Empire region. The asset is suited for diverse retail applications, including neighborhood service centers, boutique showrooms, or specialty storefronts. Given the surrounding demographic density and high vehicle counts, the site is positioned for tenants requiring prominent street visibility and ease of access. Typical occupants for this location include local service providers, small-scale retail operators, and professional suites that benefit from a central position within an active commercial hub.

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NOI
$80,000
Cap Rate
3.03%
DSCR
0.51
Underwater
Cash-on-Cash
-9.70%
Monthly Payment
$13,081.069
Annual Cash Flow
$-76,972.833

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