1.74ac lot. 407 Iowa Ave & 421 Iowa Ave 2 biens | Local commercial | À vendre | 1 491 000 € | Riverside, CA

Property Overview
Addresses: 407 Iowa Ave & 421 Iowa Ave, Riverside, CA 92507
Lot Size: 1.74 acres | Fully fenced with common block wall
Buildings: Two standalone commercial structures generating income potential
407 Iowa Ave
2,152?sq?ft standalone building
Currently leased and operating as a well-established restaurant
421 Iowa Ave
2,384?sq?ft divided into two commercial units
One formerly a bakery
One formerly a barber shop
Ideal for immediate lease-up or in-house operation
?? Zoning & Land Use
Subject property lies within Riverside’s City of Riverside CP-Commercial zoning district, which broadly permits retail, restaurants, personal services, offices, and mixed-use development
Riverside, California
Riverside, California
For permitted uses, setbacks, signage, and expansion potential, verification with the City Planning Division is recommended
?? Traffic Exposure & Access
The lot fronts Iowa Avenue, a local municipal corridor; while specific ADT is not publicly posted, typical Riverside arterial segments register between 10,000–20,000 vehicles per day—sufficient for retail/restaurant visibility
For precise ADT data at this site, request counts via Riverside County Transportation or Caltrans traffic count programs
trans.rctlma.org
Surrounding roadways (e.g. 91, 215 freeways) experience notably heavy congestion, especially during peak commute hours, reflecting robust regional mobility
Reddit
?? Area Demographics & Market Profile
Using ZIP code 92507 (encompassing Highgrove area adjacent to property):
Population: 61,920 residents; density ~2,897 people/sq?mi
point2homes.com
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censusreporter.org
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en.wikipedia.org
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Households: ~18,314; average size ~2.9 persons
censusreporter.org
+1
bestplaces.net
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Median household income: $72,367 (5-year ACS 2023 estimate)
demographicsbyradius.com
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point2homes.com
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censusreporter.org
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Per capita income: ~$28,150; poverty rate ~20% (higher than regional average)
censusreporter.org
Ethnic composition: ~50–53% identify as Hispanic/Latino; diverse community with majority-minority demographics
bestplaces.net
en.wikipedia.org
en.wikipedia.org
Median age: mid-20s (e.g. 26.1 in ZIP 92507) indicating a relatively young, working-age population
bestplaces.net
Typical commute time: ~28?minutes to work; majority commute by car (79% drive alone), ~9% work from home or walk/bike/public transit
censusreporter.org
unitedstateszipcodes.org
Radius Summary (approx. 5-mile area)
Population: ~274,600 across ~79,200 households
Median household income: ~$86,100
Income distribution: ~11% above $200K; ~12.6% below $25K
demographicsbyradius.com
?? Investment Highlights
Zoning (CP-Commercial): Appeals to a variety of commercial models—retail, food, professional services, and small-scale mixed-use.
Traffic & Visibility: Frontage on Iowa Ave offers consistent local traffic; access reinforced by proximity to major freeways (91, 215) despite congestion patterns, ensuring footfall potential.
Demographics: Dense and youthful household base with frequent local spending coupled with moderate incomes. A sizable middle-income cohort with strong demand for affordable retail/services.
Ethnic Composition: Predominantly Hispanic/Latino community offers possibilities for ethnic/service-oriented businesses and culturally aligned tenant mix.
?? Use-Case Tailoring
For Institutional Investors / Brokers
Income security via existing restaurant lease plus opportunity to lease two vacant units
Value-add potential: Convert or lease 421 Iowa Ave units to food, service, or retail operators
Long-term hold or phased redevelopment: Level lot allows expansion or drive-thru option under CP zoning
For Small-Business Tenants or Owner-Operators
Restaurant operator: Purchase property and operate or sublease one building; tenant café or complementary service in second building
Service-based tenants: E.g., beauty salon, café, wellness services—good fit given local household size and ethnic composition
Owner-occupant: Potential to move into one unit while leasing out the other for supplemental cash flow