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3975 Mission Inn Ave, Riverside, CA 92501
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3975 Mission Inn Ave Riverside, CA 92501

$2,499,999
  • -- Beds
  • -- Baths
  • 3,135 Sq.Ft.
For Sale
$2,499,999 Get Pre-Qualified
Map preview of 3975 Mission Inn Ave, Riverside, CA 92501

Property Overview: 3975 Mission Inn Ave Riverside, CA has -- bedrooms, -- bathrooms, 3,135 living square feet and 7,841 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: Unique Commercial Opportunity Awaits at Riverside’s Historic Heart! We are thrilled to present a once-in-a-lifetime commercial real estate opportunity that includes not one, but TWO prime parcels at 3975 and 3985 Mission Inn Avenue, Riverside. This corner lot is nestled in the cultural tapestry of Downtown Riverside, this offering spans an impressive total area, strategically positioned to maximize your business’s potential. Why Choose Mission Inn Avenue? Dual Parcel Advantage: Enjoy the flexibility and immense potential of two adjacent parcels. Whether you’re looking to expand or plan a diverse set of developments, these parcels provide the canvas for your entrepreneurial masterpiece. Prime Location: Situated in the vibrant heart of Riverside, these properties boast proximity to major freeways including the 91, 215, and 60, ensuring seamless access and high visibility. The perfect spot for businesses aiming to thrive on connectivity and convenience. Rich Historical Context: Located near the iconic Mission Inn Hotel and Spa, this area is steeped in history and charm, offering a scenic and prestigious backdrop for businesses. The location is not just a place, but a journey into the past, providing an ambiance that attracts tourists and locals alike. Vibrant Community: Be part of a bustling area known for its annual Festival of Lights, artsy allure, and a lively cultural scene. Your business will benefit from high foot traffic and a community that values local and unique business propositions. A Rare Opportunity in a Special Place Riverside’s Mission Inn Avenue is not just a location—it’s a destination. Offering both parcels together opens up rare strategic opportunities for development, investment, and growth in a location that celebrates history while looking forward to the future. Don’t miss out on the chance to own a piece of Riverside’s heritage and make your mark in a special area that continues to grow and inspire. Call us today to explore how these parcels can transform your business dreams into reality!

Listed by MICHAEL MARANGAKIS | BRE #02053601 | ALTA REALTY GROUP CA, INC.
Last checked: 8 minutes ago | Last updated: May 26th, 2024 | Source CRMLS | DOM: 108
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Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Retail
Status
Active
MLS#
EV24096825
City
Riverside
County
Riverside
Time on Site
115 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 0
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 3975 Mission Inn Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • None, Central
Laundry Information
  • Inside
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), Window Bars
Exterior Features
Exterior Information
  • Roof: Common Roof
  • Has Fence
  • Chain Link, Wrought Iron
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 19
Lot Information
  • Lot Features: 0-1 Unit/Acre, Close to Clubhouse, Corner Lot, Level, Near Public Transit, Park Nearby
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 214212006
  • Year Built Source: Assessor
  • Entry Level: 1
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Location / Neighborhood
Location Information
  • Directions: From the 94, exit Mission Inn Ave and go Northwest to 3975 and 3985 Mission Inn Ave
View more facts & features

Local Riverside Agent

Sale History for 3975 Mission Inn Ave

Last sold for $430,000 on May 2nd, 2003

  • May, 2024

  • May 15, 2024

    Date

    Active

    CRMLS: EV24096825

    $2,499,999

    Price

  • June, 2022

  • Jun 19, 2022

    Date

    Expired

    CRMLS: NDP2201572

    $2,688,888

    Price

  • Feb 22, 2022

    Date

    Active

    CRMLS: NDP2201572

    $2,888,888

    Price

  • Listing provided courtesy of CRMLS

    Diamond in the beautiful downtown Riverside corner of Mission Inn Ave & Chestnut with 5% and above CAP rate. Formerly a bakery. Just closed after 20 years in business. Can be used for any businesses except automotive. City planning department is in favor of Mixed Use which we have the preliminary study to build 18 condos.

  • May, 2003

  • May 2, 2003

    Date

    Sold (Public Records)

    Public Records

    $430,000

    Price

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Tax History for 3975 Mission Inn Ave

Assessed Value (2020): $437,001
Year Land Value Improved Value Assessed Value
2020 $145,661 $291,340 $437,001

Home Value Compared to the Market

This property vs the competition

3975 Mission Inn Ave is listed 259.2% higher than the median list price for the city of Riverside which has a median list price of $695,990. The median price per/sqft for Riverside is $373 and this home is listed at $797.45 per/sqft which puts the price per square foot 113.79% higher than the median price per square foot for the city of Riverside.

About 3975 Mission Inn Ave

Detailed summary of property

3975 Mission Inn Ave is a retail located in Riverside, CA 92501 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 3,135 living square feet, and sits on an approximately 7,841 square foot lot. 3975 Mission Inn Ave was first listed on ArdentRealEstateGroup.com on May 15, 2024. The homeowner is currently asking $2,499,999. The median priced home in Riverside is $695,990 with a median price per square foot of $373. Based on Ardent Real Estate Group's Riverside Market Data, this home is listed 259.2% higher than the median priced home. Local competing homes currently for sale include 611 E Balboa Blvd, 4729 Whittier Blvd and 3868 E Cesar E Chavez Ave. While the average home in Riverside, CA is selling in 54 days, 3975 Mission Inn Ave has a days on market of 108 days. There are currently 774 homes for sale in the Riverside real estate market and 718 of them are single family homes while 49 of them are condos and 7 are townhomes. For more information on this home for sale at 3975 Mission Inn Ave Riverside, CA 92501 contact Ardent Real Estate Group and we will put you in touch with one of our Riverside agents.

Public Facts for 3975 Mission Inn Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
7,840
Stories
--
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
12
APN
214-212-006

The source for these homes facts are from public records.

92501 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$650,000
Median List Price/Sq.Ft.
$403
Median Sold Price
$619,000
Median Sold Price/Sq.Ft.
$418
Total Inventory
41
Median Sale to List Price %
104.92%
Avg Days on Market
23
Loan Type
Conventional (36.36%), FHA (18.18%), VA (0%), Cash (45.45%), Other (0%)

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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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