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Listed by David Limon, DRE #00908480 • Your Home Selling Pros
$ 169,900
Est. payment /mo
Active
501 N Palm AVE Riverside, CA 92543
0.29 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSW26021463
Lot Size 0.290 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Excellent Opportunity for Owner-User or Investor. Rare opportunity to acquire a versatile commercial lot (Zoned C-2 General Commercial) with strong income potential and value-add upside. Situated on a generous 12,632-square-foot parcel, this property offers flexible use options ideal for an owner-operator looking to secure their own space or an investor seeking future appreciation and cash flow. The property may be purchased with a 3,600SF (40'x90") metal building for an additional $75,000, providing an efficient and cost-effective solution for immediate occupancy or lease-up. With targeted improvements, the property offers a projected 8.42% cap rate, making it well-suited for a value-add or repositioning strategy. Ample lot size allows for a wide range of commercial or industrial uses, expansion potential, outdoor storage, or operational flexibility. Whether you're looking to operate your business, expand an existing operation, or enhance returns through improvements, this property delivers both current utility and long-term upside. Ideal for owner-users, investors, or entrepreneurs seeking flexibility, income potential, and future growth.
Location
State CA
County Riverside
Area 252 - Riverside
Zoning LWS,PAV,LL,LX
Exterior
Fence Chain Link
Utilities Available Electricity - On Site
View None
Building
Lot Description Grade - Level, Paved
Water Other
Others
Tax ID 442030033
Special Listing Condition Not Applicable
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