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126 Iowa Avenue $1,200,000

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    126 Iowa Avenue Riverside, CA 92507

    • 2,448 sq. ft.
    • 0.25 Acres
    • Commercial Sale
    • MLS# MB22049374
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    Views: 22 Days On Market: 237

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    Property Details

    *** Amazing Restaurant for Sale*** Tacos El JR Restaurant for sale Includes Restaurant, Inventory & Real Estate The land on this property is a Huge Lot Size of 10,890.. This Restaurant has so much Potential with a well stablished clientale for many years. Large sitting area with plenty of tables for entertaining. Property has a Large area to host parties and Mariachi sing a longs.Selling Liqour License with Restaurant & Land Restaurant serves Alcohol for customers eating at this location Outdoor seating tables available for those hot summer days..Restaurant has a Large Storage Room located in the back next to the Parking. Amenities also include a restroom for customers and Central HVAC. Part of the Inventory includes food storage cooler,ice makers,soda machines, Stoves and Large Refrigerators..Very profitable business with great Inventory perfect for Dinning with the family. Located on a very visible location with many potential clients driving over 300 cars per day viewing your future business. We welcome your 1031 Exchange buyers and Cash buyers. Amazing property with Huge Upside Many well name brands withing walking distance including Starbucks,Jack in the Box,Holiday Inn, Subway and Shell Gas station. Perfectly located near the 215 Fwy for a quick stop and go business. The good size parking lot fits over 13 cars. A true must see !

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    Neighborhood

    92507 (Riverside) Demographics

    26 Median Age
    2,948 Population Density (per sq. mile)
    37% College Educated
    $54,701 Estimated Median Income
    5,678 Estimated Total Home Owners
    11,165 Estimated Total Renters
    34% / 66% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    59,612 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $600,000 Median Sales Price
    19 Homes Sold
    20 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,200,000
        11/15/2022 8:16:42 PM Price Reduced Source: Multiple Listing Service New Value: $1,200,000 -4%
        10/19/2022 11:01:32 AM Price Reduced Source: Multiple Listing Service New Value: $1,250,000 -2.72%
        10/6/2022 5:06:00 PM Price Reduced Source: Multiple Listing Service New Value: $1,285,000 -0.77%
        9/15/2022 2:17:07 PM Price Reduced Source: Multiple Listing Service New Value: $1,295,000 -0.38%
        8/10/2022 4:47:36 PM Price Reduced Source: Multiple Listing Service New Value: $1,300,000 -5.45%
        7/28/2022 4:02:15 PM Status Changed Source: Multiple Listing Service New Value: Active
        6/28/2022 4:01:41 PM Status Changed Source: Multiple Listing Service New Value: Pending
        6/28/2022 4:01:41 PM Price Increased Source: Multiple Listing Service New Value: $1,375,000 5.77%
        3/11/2022 6:33:00 PM New in Database Source: Multiple Listing Service New Value: $1,300,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/8/2022 4:51:25 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.