Seller Financing - Lease to Own
Address
1690 Spruce Street Riverside, CA
Price
$ 1,650,000
Property Attributes
  • MLS#OC20110347
  • TypeCommercial
  • CountyRIVERSIDE
  • CityRiverside
  • AreaRiverside
  • Zip92507
  • StyleSpecial Purpose
  • Taxes18759
  • Price$ 1,650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.89 Acres
Listing Provided Courtesy Of:
Justin Yee with Century 21 Masters.
Data Source:
CRMLS
Property Description

Excellent Opportunity To Develop, Convert, or Keep Existing Prime, Mixed Use, Newer Commercial 7000 Sq Ft Building on Corner Lot on Spruce and Chicago near Downtown Riverside area. The current use is Mexicali Restaurant which was a thriving business with dining area, full bar, private dining room, completely wired audio and visual event and entertainment space, and 2 patios front and back with an open kitchen concept. Fully Functional Facilities and Kitchen with Ample Storage and Refrigeration in Back. Single Story with Dual Doors with no steps inside. Great condition and well maintained. Storage and Loading on Side of Property may be possibly converted to a Drive Through / Pull Through Setup. The property could be converted to a Medical Facility, Medical Offices, Market, Retail, or possible Specialty use. Frequented area with 2 large Office Tower Buildings next door with ample professionals and employees that frequent for lunch and dinner. Easy access to 91 and 215 Freeways, Downtown Riverside, University of California Riverside, and several neighborhoods. The Opportunities are Endless! ALL EQUIPMENT, ALL APPLIANCES, ALL FURNITURE, BUSINESS, IS INCLUDED IN SALE. Call Listing Agent with inquiries for Private Showings and Details on Property.

Price History
6/13/2020 Listed $2,250,000
7/2/2020 16% - $1,900,000
10/21/2020 14% - $1,650,000

General Features

Business Type Bar/Tavern/Lounge, Deli/Catering, Food & Beverage, Fast Food, Restaurant
Construction Materials Concrete, Stucco
Cooling Central Air
Electric Electricity - On Property, 220 Volts in Kitchen, Standard
Heating Central
MLS Area 252 - Riverside
Property SubType Special Purpose
Property Type Commercial Sale
Security Features Prewired, Security System, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Detection System, Fire Sprinkler System, Smoke Detector(s)
Terms Cash, Cash to New Loan, Conventional, Lease Option, Owner Will Carry, Owner May Carry, Submit
Topography Level
Utilities Electricity Connected, Phone Connected, Sewer Connected, Underground Utilities, Water Connected

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features Washer Hookup, Electric Dryer Hookup

Exterior Features

Fencing None
Lot Features Corner Lot, Near Public Transit, Paved, Street Level, Flat
Lot Size Acres 0.89
Lot Size Area 38768
Lot Size Source Assessor
Lot Size Square Feet 38768
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 50
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92507

Price
AVG $710K
$1.65M
Taxes
AVG $18,759
$18,759
Visits
AVG 106
39
Walkscore
AVG 46
5
Data Provided by Walkscore ® not using MLS data

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