501 N Palm Avenue, Riverside, CA 92543
List Price: $170K
Listing Status: Active
Original List Price: $200K
0Days on Market: 121
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 12,632 sq ft
MLS Number: SW26021463
About This Property
Excellent Opportunity for Owner-User or Investor. Rare opportunity to acquire a versatile commercial lot (Zoned C-2 General Commercial) with strong income potential and value-add upside. Situated on a generous 12,632-square-foot parcel, this property offers flexible use options ideal for an owner-operator looking to secure their own space or an investor seeking future appreciation and cash flow. The property may be purchased with a 3,600SF (40’x90”) metal building for an additional $75,000, providing an efficient and cost-effective solution for immediate occupancy or lease-up. With targeted improvements, the property offers a projected 8.42% cap rate, making it well-suited for a value-add or repositioning strategy. Ample lot size allows for a wide range of commercial or industrial uses, expansion potential, outdoor storage, or operational flexibility. Whether you’re looking to operate your business, expand an existing operation, or enhance returns through improvements, this property delivers both current utility and long-term upside. Ideal for owner-users, investors, or entrepreneurs seeking flexibility, income potential, and future growth.
Listing provided by: David Limon DRE #00908480 951-447-4748 dlimon@hipackinc.com, Your Home Selling Pros
Source: CRMLS, MLS #: SW26021463
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.