407 Iowa Avenue, Riverside, CA 92507
Riverside County
Key Facts
Description
This exceptional investment opportunity features a flat, fully fenced 1.74-acre lot with two separate commercial buildings, each assigned its own address: 407 Iowa Ave and 421 Iowa Ave. 407 Iowa Ave 2,152 sq ft standalone building Currently leased and operating as a restaurant, generating immediate income 421 Iowa Ave 2,384 sq ft building divided into two commercial units: One unit formerly a bakery One unit formerly a barber shop Flexible layout ideal for owner-use or lease-up potential Property Features Flat, level lot for ease of access and future development Enclosed with a common block wall for added security and privacy Multiple income streams from established tenants and vacant units ready for lease or repurposing Ideal for investors seeking cash flow or owner-users looking for a versatile commercial space This property offers a rare blend of income generation, flexibility, and security—positioned perfectly for long-term investment or immediate business use.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
1957
Stories
1
Living Area
4,536 sq ft
Lot Size
1.74 acres
Days on Market
320
MLS® Listing#
IV25173310
Property Features
Heating
Laundry
Fencing
Lot Features
Utilities
Water Source
Financial Details
Parcel Number
247081020
Directions
215 to Center then Iowa Ave
Affordability Calculator
$330,000
Estimated monthly payment
$8,782/mo
Principal $1,320,000 · Est. interest $1,841,517 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Riverside, CA
- $756,021
- Median Listing Price
- 45
- Median Days on Market
- 2,154
- Median Sq Ft
- $372
- Median Price / Sq Ft
- 540
- Active Listings
- This home’s price is 118% above the area median.
- Its price per sq ft is 2% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Riverside, CA.
Location
Points of Interest in Riverside, CA
Showing the Riverside area map.
Nearby Schools
Grand Terrace High School
Secondary · 0.8 mi away
Colton Joint Unified School District
School · 0.8 mi away
Highgrove Elementary
Elementary · 0.8 mi away
Fremont Elementary School
Elementary · 1.7 mi away
Individual Schools Elementary School
Elementary · 1.8 mi away
University Heights Middle School
Secondary School · 1.9 mi away
Terrace Hills Middle
Secondary · 1.9 mi away
Patricia Beatty Elementary
Elementary · 2.0 mi away
Riverside Student Center - Springs Charter Schools
Elementary · 2.1 mi away
Highland Elementary School
Elementary · 2.1 mi away
John W North High School
Secondary · 2.2 mi away
The Fab School
School · 2.3 mi away
Riverside Garden School
School · 2.4 mi away
Socal Supermoto
School · 2.5 mi away
Icr Weekend School
School · 2.5 mi away
Terrace View Elementary School
Elementary · 2.6 mi away
Christian Center Academy
School · 2.7 mi away
Longfellow Elementary
Elementary · 2.7 mi away
Church of Jesus Christ of Latter Day Saints
School · 2.7 mi away
Bryant Elementary School
Elementary · 2.8 mi away
Commute Calculator
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| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 17715 Timberview, Riverside, CA | $1,175,000 | 3 | 4 | 2,898 |
| 17970 Wildwood Creek Rd, Riverside, CA | $1,175,000 | 4 | 4 | 4,739 |
| 16861 Ridge Cliff Drive, Riverside, CA | $1,190,000 | 4 | 4 | 4,237 |
| 16025 Perry Heights, Riverside, CA | $1,190,000 | 4 | 3 | 2,901 |
| 8059 Terraza Court, Riverside, CA | $1,199,900 | 4 | 4 | 3,311 |
| 2110 Hathaway, Riverside, CA | $1,199,900 | 4 | 4 | 3,100 |
Moving Cost Estimate
EXIT Agents in Riverside
Listing Courtesy: A ONE PLUS REALTY INCORPORATED - 951-250-1485
Presented by: SHAKER MOHAMMAD
Licensed in the state of California.