Seller's Agent in 2024
Bobby Mendez
RE/MAX
(951) 283-5015
4 in this area
77 Total Sales
Estimated Value: $1,069,000 - $1,381,197
PRIME COMMERCIAL OPPORTUNITY - 1.1 ACRES w/ EXISTING BLDG. This is a RARE opportunity for you to own and operate a Business on a main thoroughfare in the vastly growing Highgrove neighborhood of Riverside, CA. The front portion of the property is zoned C-P-S: Scenic Highway Commercial. With 2 driveway entrances, and an expansive STORAGE YARD that is FULLY PRIVATE, this property is ideal for a myriad of businesses such as: Contractor Businesses, Auto Repair, Autobody Shop, Trailer/Boat Storage, Equipment Rentals, Truck/Trailer Sales, Recycling Facilities, Tow-Yard, Vehicle Storage, etc etc! (Must verify with county Riverside on all permitted uses). This property is a staple of Riverside's History as the building was originally constructed in 1918 as a 1,704 SF residence with 4 bedrooms and 2 bathrooms, and is still in good condition, and has been a multigenerational property for the last 60 years. The house can be a Grandfathered residential use, making it ideal for a Live-in/Work Home Business with enough space for storage, and a back yard for the family to enjoy including a Pool that remains in good condition. The parcel is technically "split-zoned" with CPS zoning in the front, with R1 residential zoning in the rear. The residential zoned portion is wedged between commercially zoned properties on two sides, hence a permitted Zone-Change with the county of Riverside is considerable, if you wish to do so. This property is also ideally located just seconds from the 215 FWY Offramp, and has approximately 17,000+ Cars Per Day along Center St, making for great visibility for potential customers. Whether you aspire to create a bustling retail center, establish offices, or craft a mixed-use development, the possibilities are endless here! Local New Developments Include: Pulte Homes is poised to build a proposed 846 NEW HOMES (Summit Canyon), and a brand new Shopping Center called the HIGHGROVE TOWN CENTER just up on Center St. In addition, KB HOMES HAS ALREADY BEGUN their ambitious 785-acre master-planned community to construct approximately 1,400+ Upscale Homes, all of which are residents whom must drive by this subject property to get to Mt Vernon. Now is your time to Invest into the Path of Progress, and get in one one special property that can only go up from here. Buyer must verify any and all marketing information to satisfy themselves.
Last Agent to Sell the Property
Re/Max Time Realty License #01971883 Listed on: 09/26/2023
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Laing International Llc | $550,000 | Chicago Title | |
| Bagwell Lorraine G | -- | Chicago Title | |
| Foster Dan E | -- | None Available | |
| Foster Dan E | -- | None Available | |
| Foster Barbara J | -- | -- | |
| Foster Barbara J | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Laing International Llc | $600,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/20/2024 02/20/24 | Sold | $1,100,000 | -18.5% | -- |
| 01/10/2024 01/10/24 | Pending | -- | -- | -- |
| 09/26/2023 09/26/23 | For Sale | $1,350,000 | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,437 | $1,122,000 | $1,081,200 | $40,800 |
| 2023 | $2,437 | $205,413 | $109,151 | $96,262 |
| 2022 | $2,375 | $55,980 | $25,326 | $30,654 |
| 2021 | $751 | $54,883 | $24,830 | $30,053 |
| 2020 | $747 | $54,321 | $24,576 | $29,745 |
| 2019 | $735 | $53,253 | $24,093 | $29,160 |
| 2018 | $645 | $52,210 | $23,621 | $28,589 |
| 2017 | $635 | $51,187 | $23,158 | $28,029 |
| 2016 | $601 | $50,184 | $22,704 | $27,480 |
| 2015 | $593 | $49,432 | $22,364 | $27,068 |
| 2014 | $588 | $48,466 | $21,927 | $26,539 |
Seller's Agent in 2024
Bobby Mendez
RE/MAX
(951) 283-5015
4 in this area
77 Total Sales
Buyer's Agent in 2024
Thomas Gibson
THE WRIGHT ASSOCIATED COMPANIES
(626) 610-1309
1 in this area
134 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IG23175944
APN: 247-042-009
Ask me questions while you tour the home.