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$90,000 Just Listed
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Property Description
Turnkey food and Boba beverage business opportunity located in Riverside, CA. The property is currently operating as R&B Tea and features a full commercial kitchen, making it suitable for a wide range of food or beverage concepts, including restaurant conversion, ghost kitchen, or franchise operation (buyer to verify permitted use with city and landlord).
The interior has been remodeled twice, with the most recent renovation completed in June 2025, including all new furniture and updated finishes, providing a clean, modern, and move-in-ready space. The business includes a fully built-out kitchen with hood system, grease trap, gas line, and existing equipment and fixtures.
The sale is an asset sale and includes equipment, furniture, fixtures, and improvements. Buyer may continue operating under the existing concept or rebrand, subject to lease terms. Lease assignment and landlord approval required.
Ideal for an owner-operator or food service operator seeking a turnkey location and significant savings on build-out and permitting costs.
Full Property Details
Full Property Details for 1889 University Ave #105
General
- Price: $90,000
- Status: Active
- Type: Business
- Source: MRMLS
- MLS ID: PW26007072
- Updated: 1/12/2026
- Days on Market: 5 days
- Added to Site: 6 day(s) ago
Business
- Name: The Destiny Tea Spot
- Business Type: Food & Beverage
- Year Established: 2021
Location
- County: Riverside
- Building Name: Preston Ellis Co
- Driving Directions: On University, 7 min from UCR
Structural Information
- Building Size: 1328
- Square Feet: 1,328
Financial Considerations
- Price Per Sq. Ft.: $67
- Operating Expenses: $20,000
Disclosures and Reports
- Property ID: 211182026
Listed by Lifetime Realty Inc, YvonneTran
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Schools
Schools serving 1889 University Ave #105
School District:Riverside Unified School District
| Name | Grades | Distance |
|---|---|---|
William Howard Taft Elementary School 959 Mission Grove Parkway North, Riverside, CA 92506 | K-6 | 3.5 mi |
University Heights Middle School 1155 Massachusetts Avenue, Riverside, CA 92507 | 7-8 | 1.2 mi |
John W. North High School 1550 3rd Street, Riverside, CA 92507 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1889 University Ave #105
Date
Details
Price
Change
Source
1/12/2026
Listed
$90,000
-67.39%
MLS
6/18/2012
Sold
$276,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1889 University Ave #105
Year
Property Taxes
Change
Tax Assessment
Change
2025
$30,700
3%
$2,733,260
2%
2024
$29,693
—
$2,679,667
2%
2023
$29,564
2%
$2,627,126
2%
2022
$29,021
2%
$2,575,614
2%
2021
$28,549
1%
$2,525,113
1%
2020
$28,334
2%
$2,499,222
2%
2019
$27,801
2%
$2,450,219
2%
2018
$27,259
2%
$2,402,177
2%
2017
$26,775
10%
$2,355,077
5%
2016
$24,301
1%
$2,238,900
2%
2015
$23,949
133%
$2,205,271
140%
2014
$10,294
79%
$919,893
81%
2013
$5,740
—
$509,580
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1889 University Ave #105
1889 University Avenue #105, Riverside, CA 92507 (MLS# PW26007072) is a Business property. 1889 University Avenue #105 is currently listed for $90,000 and was received on January 12, 2026. Want to learn more about 1889 University Avenue #105? Do you have questions about finding other Business real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

