Mixed Use Retail Portfolio For Sale

211-219 South Riverside Avenue, Rialto, CA

$3,500,000

Price

28,847 sqft

Building Size

58,700 sqft

Lot Area

Gallery
Street
Map
Overview
Building Size
28,847 sqft
Lot Area
58,700 sqft
Year Built
1915/1930/1963
Zoning
CC - Core Commercial
Tenancy
Multiple
Description

Remarkable investment opportunity in the heart of Rialto with a captivating mixed use commercial & residential property. The retail & office portion features a sprawling 45,200 square feet of land and 27,902 SF building with 29 tenanted units, ensuring immediate cash flow and stability in the thriving community. Its flexible layout and modern design cater to various ventures, be it retail, office, or warehousing needs, with room for expansion to meet evolving demands.

The residential portion includes a 945 SF building on 6,000 SF of land. Also included is an additional commercial lot comprising 7,500 SF.

With the combined por tfolio encompassing an impressive 27,847 SF of building space and 58,700 SF of land, there are endless possibilities for expansion, additional parking, outdoor seating, and more. Unlock success and growth in Rialto with this exceptional investment, offering a perfect balance between stability and potential for your clients' ventures.

Moreover, the property's location falls under Core Commercial zoning, an old designation primarily used for downtown retail purposes under a 45-year-old plan. However, the city is currently in the process of updating and developing a replacement to the Foothill Central Specific Plan, which will allow for mixeduse retail and residential development.

The new plan proposes building up to 40- 45 units per acre, spanning 4 to 5 stories with a height of 55 feet, and a parking requirement of 2.25 spaces per unit. This forward thinking zoning update opens up even more potential for future growth and diversification of the property.

Highlights
  • Mixed Use: 28,847 SF total building space, 58,700 SF total land
  • 27,902 SF retail & office building on 45,200 SF lot with 29 tenanted units
  • Endless potential for expansion, parking, outdoor seating
  • Location falls under Core Commercial zoning, with potential for mixed-use retail and residential development
  • Untapped value: Unrecovered CAM despite lease provisions
Documents
Title
219-225_S_Riverside_-_OM__2_.pdf
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Location
Gallery