211-231 S Riverside Ave, Rialto, CA 92376

Highlights:

• Mixed Use: 19,170 SF total building space, 58,749 SF total land.
• 18,225 SF retail & office building on 45,249 SF lot.
• 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

Description:

Remarkable investment opportunity in the heart of Rialto with a captivating mixed use commercial & residential property. The retail & office portion features a sprawling 45,249 square feet of land and 18,225 SF building with 33 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 portfolio encompassing an impressive 19,170 SF of building space and 58,749 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.

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