10153 Indiana Avenue

For Sale$1,990,000

10153 Indiana Avenue, Riverside, CA 92503

  • Retail
  • Free Standing Bldg

10153 Indiana Avenue, Riverside, CA 92503 - Retail Space

10153 Indiana Avenue is located at 10153 Indiana Avenue in the Arlington South neighborhood, CA, Riverside, 92503. The Retail building was completed in 1987 and features a total of 8,780 Sqft.

The retail space availability for the 92503 zip code is 34,924 Sqft, in 9 retail spaces.

In 1987, the same year 10153 Indiana Avenue was built, 31 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Riverside, featuring 973,952 square feet of commercial space. At zip code level, there are 34 commercial properties, of which 20 are retail buildings over 50,000 square feet.

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Details

  • Sale Price $1,990,000
  • City Riverside
  • Neighborhood Arlington South
  • Zip Code 92503
  • Market Inland Empire
  • Property Type Retail - Free Standing Bldg
  • Property Size 8,780 Sqft
  • Lot Size 0.45 Acre
  • Parking Spaces Avail. 23
  • Parking Ratio 2.62/ 1,000 SF
  • Property Tenancy Single Tenant
  • Year Built 1987
  • Date Updated 11 Feb, 2020

Description

A free standing building totaling +/-8,780 square feet of rentable space

Approximately 23 dedicated parking spaces are available on the property and street frontage parking is also available between 8 AM to 3 PM

There are two direct points of access to the property, one on either side of the building, both permitting left hand exits, allowing for maximum flexibility

The property is zoned CR (Commercial Retail) by the city of Riverside.  A full table of permitted uses can be found on the city's website https://library.municode.com/ca/riverside/codes

traffic counts on the 91 freeway 212,000 AADT

Indiana Avenue 18,350 CPD

Irreplaceable freeway frontage location. Prime exposure to more than 212,000 cars per day ensures long term desirability

Strong retail synergy and regional draw. Directly across the freeway from the Tyler Mall featuring Nordstrom, Macy's, Cheesecake Factory and others

Direct freeway access - less than 1/4 mile away at the Tyler Street on / off ramp

Strong demographics - more than 202,760 people living within 5 miles of the site and average household income over $83,077

Strong investment opportunity or owner user property - investors can reposition property and re-lease building to provide investment cash flow or ideal owner / user property - owners can take advantage of historically low SBA rates

The building will be delivered vacant upon the close of escrow

Arlington South Demographics

The average household income in zip code 92503 is $82,790, from a total of 25,016 households. In terms of employment, there are 68.74 % white-collar and 31.26 % blue-collar jobs in zip code 92503.

Population

  • Total Population94,512
  • Male Population(49.8 %) 47,098
  • Female Population(50.2 %) 47,414
  • Median Age33.10

Income/Financial

  • Average Household Income$82,790
  • Median Household Income$66,579
  • Median Income Under 25$38,523
  • Median Income 25-44$68,714
  • Median Income 45-64$76,108
  • Median Income Over 65$47,284

Attachments

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Brandon Beauchemin

CBRE Ontario

(909) 418-2213

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