Kaiser Adjacent - Affordable/Senior Housing/Senior Living Conversion Opportunity
$10,250,000
10545 Magnolia Ave, Riverside, CA 92505
18,226 sqft
Building Size
0.7903 acres
Lot Area
Details:
Highlights:
- Constructed in 1992, with modern amenities, and with Elevator Access
- Excellent street exposure for maximum visibility
- Proximity to commercial and Kaiser Permanente Expansion on Magnolia
- Convenient access to the 91 Freeway
- Well-maintained property
- Potential conversion to Permanent Affordable Housing
- Potential for Senior Living with a CUP
Description:
PRICE CORRECTION OF $750,000
Enthusiastically endorsed by the City of Riverside for Conversion to Affordable/Senior Housing, the Opportunity to Convert was built in 1992. The 'Affordable Housing Conversion Opportunity' is an existing Days Inn Hotel with 68 Rooms in a 3-story Building with approximately 18,166 Square Feet located on an approximate 34,424 Square Foot Lot.
The Seller has asked that all showings be arranged through the Listing Agent. The management is not to be disturbed and does not know about the Sale.
This Affordable Housing/Senior Living Conversion Opportunity is located on Highly Exposed Magnolia Avenue just West of the 91 Freeway in the City of Riverside. The Location is on the same street and in close proximity to Kaiser Permanente. The Location offers appealing amenities to prospective Tenants conducive to permanent residency.
Documents:
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Location
Gallery
