Riverside, California, offers a unique opportunity for investors to tap into the city's diverse economy and rich history. Commercial Real Estate in Riverside for sale presents an attractive investment option, given the city's strategic location, infrastructure, and amenities. As a hub for light-industry, manufacturing, legal services, accounting services, engineering services, and banking, Riverside provides a solid foundation for businesses to thrive. With a population of around 315,000, the city offers a sizable market for entrepreneurs and investors alike. The presence of institutions like the University of California, Riverside, and companies like Bourns, Inc., further enhances the city's appeal. Riverside's scenic landscape, featuring hills, mountains, and open spaces, including Mount Rubidoux and Box Springs Mountain, also makes it an attractive location for businesses and residents.
Riverside's Commercial Real Estate market offers a range of investment opportunities, with 116 listings currently available. The average price per square foot is $544 USD, and the average size of these properties is 20,696 square feet, with the largest property spanning 144,990 square feet. With an average cap rate of 5.25%, investors can expect a reasonable return on their investment. In addition to Commercial Real Estate, Riverside also offers Industrial Properties, Apartment Buildings, Office Properties, and Hotels, each with its unique characteristics and investment potential. For instance, Industrial Properties in Riverside benefit from the city's proximity to major transportation facilities, including the March Joint Air Reserve Base and the Riverside-Downtown Station. Apartment Buildings, on the other hand, can capitalize on the city's growing population and demand for housing. Office Properties in Riverside are well-positioned to serve the city's diverse economy, while Hotels can cater to the city's tourist attractions, such as the Mission Inn and the Riverside Fox Theater. Overall, Riverside's Commercial Real Estate market presents a compelling investment opportunity, with its unique blend of history, culture, and natural beauty.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Riverside, California, investors and business owners have several choices to consider, including:
- Traditional commercial mortgages offered by banks and credit unions, which typically require a 20-30% down payment and offer fixed or adjustable interest rates;
- Small Business Administration (SBA) loans, which provide more favorable terms, such as lower down payments and longer repayment periods, for eligible small businesses;
- Alternative financing options, such as private money lenders, hard money loans, and crowdfunding platforms, which may offer more flexible terms and faster approval processes, but often come with higher interest rates and fees.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Riverside, it's essential to understand the role of cap rates in your investment decision. The average cap rate in Riverside is 5.25%, which can help you determine the potential return on investment for a property, as explained in our article on what is a cap rate.
With 116 available listings of commercial real estate in Riverside, ranging from 20,696 square feet to 144,990 square feet, and an average price per square foot of $544 USD, understanding cap rates can help you navigate the market and make informed decisions about your investment.
What is considered a commercial property?
In Riverside, California, a commercial property is generally defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which can be found in various neighborhoods and districts, including Alessandro Heights, Canyon Crest, and Mission Grove.
With 116 available listings of commercial real estate in Riverside, investors and business owners can find properties that suit their needs, ranging from small offices with an average size of 20,696 square feet to large industrial facilities with a maximum size of 144,990 square feet, and with an average price per square foot of $544 USD and an average cap rate of 5.25%.
