Commercial for Sale – 3700 Main St, Riverside, CA 92501, USA -001-11-30T00:00:00-08:00
OWNER WILL CARRY! OWNER IS MOTIVATED! SEE ATTACHED OFFERING MEMORANDUM and SUPPLEMENTS: PRO FORMA 13.89% CAP RATE WITH ROOFTOP LOUNGE and PRO FORMA 8.66% CAP RATE WITHOUT ROOFTOP LOUNGE! Welcome To The Mission Galleria! Formerly Sears Building and Registered
3700 Main St, Riverside, CA 92501, USA
$10,000,000 USD
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Address3700 Main Street, Riverside
Property SubtypeRetail
Price$10,000,000
Property TypeCommercial Sale
Year Built1938
Bedrooms Total0
Living Area54,000 ft2
Listing IDSR19031441
StatusActive
Parcel Number213271001
Special ConditionsStandard
Days on Market42

Detailed Description: OWNER WILL CARRY! OWNER IS MOTIVATED! SEE ATTACHED OFFERING MEMORANDUM and SUPPLEMENTS: PRO FORMA 13.89% CAP RATE WITH ROOFTOP LOUNGE and PRO FORMA 8.66% CAP RATE WITHOUT ROOFTOP LOUNGE! Welcome To The Mission Galleria! Formerly Sears Building and Registered As A Historic Building, This Is A Huge Opportunity In Downtown Riverside Directly Across From Mission Inn! Be A Part Of A Developer’s Dream Like Imperial Hardware Lofts and Stalder Plaza! Become An Owner-User Of An Entire 54,000 Square Foot Retail Building Or Purchase As A Value-Add Investment! Owner Is Willing To Carry With $3,000,000 Down Payment For The Right Buyer! Seller Is Proposing A New 14,700 Square Foot Rooftop Lounge / Restaurant / Bar To The City Of Riverside and $1,500,000 In Budgeted Costs For The Project! City Of Riverside Has Already Appraised The Building At $7,500,000 Several Years Ago Without The New Rooftop Development! Also Available For Lease! Existing Month-To-Month Tenants Paying $2.40 / SF Up To $3.00 / SF Triple-Net Plus 12% Of Gross Sales. Tenants Include Hideaway Bar and Mission Galleria Antique Shop and Existing Tenants Can Stay Or Leave! Building Has 4 Floors and Hideaway Bar In The Basement Grosses $1,500,000 In Annual Sales! Be Apart Of The Newly Renovated Downtown Riverside Empire!


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Address Information
Address3700 Main Street, Riverside
Street SuffixStreet
CityRiverside
Location (MLS Area)252 – Riverside
County Or ParishRiverside
State or ProvinceCA
Postal Code92501
Postal Code Plus43317
CountryUS
Financial Information
Price per Square Foot$185.19
Special ConditionsStandard
Tax Year2000
Full Descriptions
Parcel Number213271001
Detailed DescriptionOWNER WILL CARRY! OWNER IS MOTIVATED! SEE ATTACHED OFFERING MEMORANDUM and SUPPLEMENTS: PRO FORMA 13.89% CAP RATE WITH ROOFTOP LOUNGE and PRO FORMA 8.66% CAP RATE WITHOUT ROOFTOP LOUNGE! Welcome To The Mission Galleria! Formerly Sears Building and Registered As A Historic Building, This Is A Huge Opportunity In Downtown Riverside Directly Across From Mission Inn! Be A Part Of A Developer’s Dream Like Imperial Hardware Lofts and Stalder Plaza! Become An Owner-User Of An Entire 54,000 Square Foot Retail Building Or Purchase As A Value-Add Investment! Owner Is Willing To Carry With $3,000,000 Down Payment For The Right Buyer! Seller Is Proposing A New 14,700 Square Foot Rooftop Lounge / Restaurant / Bar To The City Of Riverside and $1,500,000 In Budgeted Costs For The Project! City Of Riverside Has Already Appraised The Building At $7,500,000 Several Years Ago Without The New Rooftop Development! Also Available For Lease! Existing Month-To-Month Tenants Paying $2.40 / SF Up To $3.00 / SF Triple-Net Plus 12% Of Gross Sales. Tenants Include Hideaway Bar and Mission Galleria Antique Shop and Existing Tenants Can Stay Or Leave! Building Has 4 Floors and Hideaway Bar In The Basement Grosses $1,500,000 In Annual Sales! Be Apart Of The Newly Renovated Downtown Riverside Empire!
Water SourcePublic
Laundry FeaturesNone
Building NameMission Galleria
Property parameters
Year Built1938
Living Area (Sq.Ft.)54,000 ft2
Lot Size SourceAssessor
Water SourcePublic
Property SubtypeRetail
Building StatusExisting
Year Built SourceSeller
Listed withRyan McElveen (Ryan McElveen)