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Key Details
Sold Price $670,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CV23217423
Sold Date 07/03/24
HOA Y/N No
Year Built 1969
Lot Size 0.370 Acres
Property Description
Discover a compelling investment opportunity with income on day one in Moreno Valley, California. This is a retail property that uniquely combines practicality and potential. Currently, this property is a complete animal hospital in working order and has a spacious 16,117 square foot lot and a well-designed 1,739 square feet building, strategically positioned in the heart of Moreno Valley. The area is known for its economic vibrancy and diverse community, providing a solid foundation for businesses to thrive. Currently, with below-market rents, there's an immediate value-add prospect for investors seeking to optimize returns. On the other hand, this is also a fantastic opportunity for an owner operator looking for a new high exposure location for their business with unlimited development potential. The property's adaptability, thanks to its generous lot size and versatile building layout, caters to a range of retail possibilities. Moreno Valley's ongoing economic growth and accessibility via major highways further enhance the intrinsic value of this investment. Explore the untapped potential of this property, where practicality meets promise, making it an attractive proposition for those seeking a solid investment in a dynamic and evolving market.
Location
State CA
County Riverside
Area 259 - Moreno Valley
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Block
Utilities Available Electricity Connected, Natural Gas Connected, See Remarks, Water Connected
Roof Type Composition
Total Parking Spaces 9
Building
Story 1
Water Public
Others
Tax ID 292250016
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange, Owner May Carry
Listing Terms Cash, Conventional, 1031 Exchange, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Bought with PATRICIA PANDEY • COLDWELL BANKER ASSOC BRKR/CL