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2851 Canyon Springs Parkway, Riverside, CA 92507
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2851 Canyon Springs Parkway Riverside, CA 92507

$5,300,000
  • -- Beds
  • -- Baths
  • 8,326 Sq.Ft.
For Sale
$5,300,000 Get Pre-Qualified
Map preview of 2851 Canyon Springs Parkway, Riverside, CA 92507

Property Overview: 2851 Canyon Springs Parkway Riverside, CA has -- bedrooms, -- bathrooms, 8,326 living square feet and 51,401 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 +/- Square Foot Regional Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of two nationally branded tenants, including Verizon & GameStop, and one regionally branded tenant AhiPoki, and also Pho Ha which has more than one location. All tenants are on NNN leases, and all renewed their options, except AhiPoki (they are taking over Subway Space in July 2024, because Subway has no more options). The building is also well-suited for future leasing that can produce increase in rents over time. Brokers and tenants call regularly unsolicited, wanting to know if any leases are expiring soon so they can takeover the space. The entire power center is very low turnover, as landlord has only ever lost one tenant when Payless filed bankruptcy. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the most visited shopping destinations in the region. All tenants are seasoned at this location, except for AhiPoki, but even then AhiPoki has clientele in the area, because they used to be located across Day Street in the Lowes shopping center.

Listed by BRAD FREEMAN | BRE #01329426 | FREEMAN & ASSOCIATES
Last checked: 8 minutes ago | Last updated: June 7th, 2024 | Source CRMLS | DOM: 20
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Home details

Lot Sq. Ft
51,401
HOA Dues
$0/mo
Year built
2004
Garage
--
Property Type:
Retail
Status
Active
MLS#
EV24112982
City
Riverside
County
Riverside
Time on Site
21 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 4
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 2851 Canyon Springs Parkway

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Interior Features
  • Security Features: Fire Sprinkler System, Security Lights, Security System
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 291600041
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Available, Water Connected
Location / Neighborhood
Location Information
  • Directions: Day St Exit off 60 Fwy, South on Day, West on Canyon Springs
View more facts & features

Local Riverside Agent

Sale History for 2851 Canyon Springs Parkway

Last sold on May 18th, 2012

  • June, 2024

  • Jun 4, 2024

    Date

    Active

    CRMLS: EV24112982

    $5,300,000

    Price

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: EV22251397

    $5,578,364

    Price

  • Dec 5, 2022

    Date

    Active

    CRMLS: EV22251397

    $5,578,364

    Price

  • Listing provided courtesy of CRMLS

    The property sits along a busy corridor of the Interstate 60 with a Huge Pylon dedicated to this 2,000,000 Square Feet Reginal Retail Power Center, located at the Freeway Interchange of the I60 and the I215. This is the prime exit on the I60 coming from the east, and you can also come to the center from the south by exiting off the I215. This offering consists of three nationally branded tenants, including Verizon, GameStop, and Subway, and also includes Pho Ha which has more than one location. All tenants are on NNN leases, who are all likely to renew at options, while the building is also well-suited for backfill that can produce increase in rents. I get regular calls from brokers and tenants wanting to know if any leases are expiring soon so they can take over the space. Shadow Anchored by Target, the subject is Pad Building C located at the drive entrance to Target, known to be one of the busiest shopping destinations in the region. All tenants are seasoned at this location, except for the Payless that went out only because of BK a few years ago, which was leased quickly by Pho Ha once Payless finally vacated.

  • May, 2012

  • May 18, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 2851 Canyon Springs Parkway

Assessed Value (2020): $3,372,871
Year Land Value Improved Value Assessed Value
2020 $1,395,428 $1,977,443 $3,372,871

Home Value Compared to the Market

This property vs the competition

2851 Canyon Springs Parkway is listed 669.23% higher than the median list price for the city of Riverside which has a median list price of $689,000. The median price per/sqft for Riverside is $368 and this home is listed at $636.56 per/sqft which puts the price per square foot 72.98% higher than the median price per square foot for the city of Riverside.

About 2851 Canyon Springs Parkway

Detailed summary of property

2851 Canyon Springs Parkway is a retail located in Riverside, CA 92507 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 8,326 living square feet, and sits on an approximately 51,401 square foot lot. 2851 Canyon Springs Parkway was first listed on ArdentRealEstateGroup.com on June 4, 2024. The homeowner is currently asking $5,300,000. The median priced home in Riverside is $689,000 with a median price per square foot of $368. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 669.23% higher than the median priced home. Local competing homes currently for sale include 1030 Kendall Dr and 5001 S Western Ave. While the average home in Riverside, CA is selling in 48 days, 2851 Canyon Springs Parkway has a days on market of 20 days. There are currently 753 homes for sale in the Riverside real estate market and 697 of them are single family homes while 48 of them are condos and 8 are townhomes. For more information on this home for sale at 2851 Canyon Springs Parkway Riverside, CA 92507 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 2851 Canyon Springs Parkway

Public county record property details
Beds
--
Baths
--
Year built
2004
Sq. Ft.
--
Lot Size
51,400
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
1
APN
291-600-041

The source for these homes facts are from public records.

92507 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$662,990
Median List Price/Sq.Ft.
$355
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$336
Total Inventory
146
Median Sale to List Price %
100%
Avg Days on Market
32
Loan Type
Conventional (61.11%), FHA (22.22%), VA (0%), Cash (13.89%), Other (2.78%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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