Help

5300 Arlington Avenue
Riverside, CA 92504

$2,390,000 
  • -- Beds
  • -- Baths
  • 7,430 sqft
  • Commercial | Retail
  • Active
5300 Arlington Avenue, Riverside - 623961217
5300 Arlington Avenue, Riverside - 623961218
5300 Arlington Avenue, Riverside - 623961219
5300 Arlington Avenue, Riverside - 623961220
5300 Arlington Avenue, Riverside - 623961221
5300 Arlington Avenue, Riverside - 623961222
5300 Arlington Avenue, Riverside - 623961223
5300 Arlington Avenue, Riverside - 623961224
5300 Arlington Avenue, Riverside - 623961225
5300 Arlington Avenue, Riverside - 623961226
5300 Arlington Avenue, Riverside - 623961227
5300 Arlington Avenue, Riverside - 623961228
5300 Arlington Avenue, Riverside - 623961229
5300 Arlington Avenue, Riverside - 623961230
5300 Arlington Avenue, Riverside - 623961231
5300 Arlington Avenue, Riverside - 623961232
5300 Arlington Avenue, Riverside - 623961233
5300 Arlington Avenue, Riverside - 623961234
5300 Arlington Avenue, Riverside - 623961235
5300 Arlington Avenue, Riverside - 623961236
5300 Arlington Avenue, Riverside - 623961237
5300 Arlington Avenue, Riverside - 623961238

Property Description for 5300 Arlington Avenue, Riverside CA 92504

We are pleased to present Arlington Plaza - a six-unit retail strip center on the 5-point signalized corner of Arlington Avenue, California Avenue & Streerer Avenue in Riverside, California. Arlington Plaza is a 7,430± square foot, multi-tenant strip center with a mix of local and regional tenants. There is an opportunity for an owner-user to occupy the anchor space of approximately 2,700± square feet, which is currently occupied by May Flowers. May Flowers can vacate the space at the close of escrow or sign a short term lease with a new Buyer. The remaining tenants include Fast 5 Pizza, a Beauty Salon, an Employment Agency and Metro PCS. The strip center wraps the entire corner providing over 250’ of street frontage and allowing every tenant to have some street visibility. The subject property is clearly visible from all angles of the intersection as an estimated 40,000 vehicle pass through that intersection daily in accordance to 2017 vehicle traffic counts for California and Arlington Avenues. Current rents for the property average $1.75 gross providing a new owner the opportunity to convert gross leases to triple net leases and increase the cap rate to a near 6% cap by keeping rents the same and just adjusting the lease structure as renewals come due. Whether an owner-user or investor, this strip center is a uniquely built property on a busy retail corridor, built for maximum visibility and exposure.

  • Property Class: Commercial Sale
  • Listing Status: Active
  • City: Riverside
  • State: CA
  • Zip: 92504
  • Area: 252 - Riverside
  • County: Riverside
  • Class: Commercial
  • Property Subtype: Retail
  • Stories: 1
  • Baths (F/H): -- / --
  • Baths Partial: 0
  • Living Area (SqFt): 7,430 sqft
  • Lot Sq Ft Apx: 19602.00
  • Year Built: 1980
  • Listing#: GD18224556
  • Parcel Number: 227100036
  • List Date: 9/13/2018
  • Last updated on: 1/18/2019

Property Features for 5300 Arlington Avenue, Riverside CA 92504

  • Year Built: 1980
  • Zoning: CG
  • Lot Desc: Corner Lot

Additional Information for 5300 Arlington Avenue, Riverside CA 92504

  • Development Status: Existing
  • Expenses: 48192.00
  • Gross Building Area: 7430.00
  • Net Income: 143795.00
Courtesy of Krikor Garabedian, Keller Williams R. E. Services
Copyright 2019, California Regional Multiple Listing Service, Inc.. All Rights Reserved.
Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.