Riverside, CA 92543,501 N Palm AVE
Riverside, CA 92543,501 N Palm AVE
Riverside, CA 92543,501 N Palm AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$200,000
Est. payment /mo
0.29 Acres Lot
Save

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SW26021463

HOA Y/N No

Lot Size 0.290 Acres

Property Description

Excellent Opportunity for Owner-User or Investor. Rare opportunity to acquire a versatile commercial lot (Zoned C-2 General Commercial) with strong income potential and value-add upside. Situated on a generous 12,632-square-foot parcel, this property offers flexible use options ideal for an owner-operator looking to secure their own space or an investor seeking future appreciation and cash flow.

The property may be purchased with a 3,600SF (40'x90”) metal building for an additional $75,000, providing an efficient and cost-effective solution for immediate occupancy or lease-up. With targeted improvements, the property offers a projected 8.42% cap rate, making it well-suited for a value-add or repositioning strategy. Ample lot size allows for a wide range of commercial or industrial uses, expansion potential, outdoor storage, or operational flexibility. Whether you're looking to operate your business, expand an existing operation, or enhance returns through improvements, this property delivers both current utility and long-term upside.

Ideal for owner-users, investors, or entrepreneurs seeking flexibility, income potential, and future growth.

Location

State CA

County Riverside

Area 252 - Riverside

Zoning C-2

Interior

Fireplace No

Exterior

Fence Chain Link

Community Features Street Lights, Suburban

Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available

View Y/N No

View None

Building

Lot Description Level, Paved, Street Level

Water See Remarks

New Construction No

Others

Senior Community No

Tax ID 442030033

Acceptable Financing Cash, Conventional, Submit

Listing Terms Cash, Conventional, Submit

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by David Limon Your Home Selling Pros 951-445-0691

GET MORE INFORMATION

Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256

Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256

Name

Phone*

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Terrance Scotton, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.