501 N Palm Avenue, Riverside, CA 92543

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.

Listing Status:

Active

Date Added:

January 29, 2026

Data Last Updated:

February 8, 2026 at 4:08PM

Listing Office:

Your Home Selling Pros : 951-447-4748

Listing Agent:

David Limon : 951-445-0691

MLS ID:

CRSW26021463

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS
• County: Riverside

Lot

• Zoning: C-2442030033
• View: None
• Fencing: Chain Link

Utilities

• Utilities: Other Water/SewerWater/Sewer See RemarksElectricity ConnectedNatural Gas ConnectedSewer On Site
• Sewer: Other

Financial

• Source: CRMLS