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Property Description
We are pleased to present a unique and exceptional opportunity in the healthcare industry: a fully equipped medical office practice, price includes the real estate and for business operations listed at $1,400,000 refer to MLS #IV23165465. This medical facility boasts an expansive 3,194 sq ft of prime commercial space, thoughtfully designed to cater to the needs of medical professionals. Located at an enviable position in Riverside, California, this property offers not only an excellent investment opportunity but also the potential to serve as a thriving medical practice for years to come.
The medical building is characterized by its strategic placement, nestled ideally between the highly regarded Riverside Community Hospital and Parkview Hospital. This prime location not only enhances visibility and accessibility but also underscores its desirability among both patients and medical practitioners. In addition to its strategic positioning, the property features ample parking with 13 dedicated spaces and ample street parking.
Inside, the facility is thoughtfully designed to optimize patient care and practitioner efficiency. The space boasts seven examination rooms, two spacious patient waiting areas, and a welcoming reception area. Furthermore, it offers three well-maintained restrooms, ensuring convenience for patients and staff alike.
The demographics in the immediate vicinity of the property are particularly appealing for a medical practice. Within a one-mile radius, the average household income stands at a robust $82,853, while extending to a three-mile radius increases the average household income to $91,433. These favorable demographics suggest a steady stream of potential patients seeking medical services.
Dr. Mukergee, the current owner, has been dedicatedly serving the community for over three decades, establishing a robust and loyal patient base. Notably, the practice enjoys a steady cash flow, underpinned by a diverse patient demographic that continues to grow. This represents an excellent opportunity for an aspiring medical professional or an investment-minded buyer to take over an established and thriving medical practice.
This medical office practice sale represents an outstanding opportunity to acquire a turnkey medical facility in a highly sought-after location, with established patient base and impressive financial prospects. Don't miss the chance to make your mark in the healthcare industry with this exceptional offering.
Full Property Details
Full Property Details for 3796 San Rafael Way
General
- Taxes: $3,335
- Status: Closed
- Type: Office
- Source: MRMLS
- MLS ID: IV23165816
- Added to Site: 910 day(s) ago
Business
- Business Type: Medical, Professional/Office
Rooms
Other Rooms
- Laundry: None
Parking
- Uncovered Spaces: 13
- Parking Ratio: 4
Location
- County: Riverside
- Building Name: Kay Mukergee MD Medical Building
- Driving Directions: From 91 Fwy Exit on Madison st, Head North on Madison, East on Magnolia and property is on right side. AKA 7392 Magnolia Ave, Riverside Ca
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Utility Description: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Construction: Stucco
- Roof: Flat
- Voltage: 110
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 3194
- Square Feet: 3,194
- Office: 3,194 Sq. Ft.
- Year Built: 1954
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.17
- Useable Acres: .17
- Lot Size (Sq. Ft.): 7,405
- Lot Size Source: Assessor
- Lot Dimensions: 83 x 92
- Fence: Yes
- Lot Features: Corner Lot, Level
- Lot Description: Corner Lot, Level
- Fencing (Description): Average Condition
Financial Considerations
- Price Per Sq. Ft.: $312
- Operating Expenses: $300,000
- Tax Amount: $3,335
Disclosures and Reports
- Investment: Yes
- Property ID: 230131005
Listed by Berkshire Hathaway Homeservices California Realty, VINODDESAR
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Schools
Schools serving 3796 San Rafael Way
School District:Riverside Unified School District
| Name | Grades | Distance |
|---|---|---|
Madison Elementary School, Riverside, CA 3635 Madison Street, Riverside, CA 92504 | K-6 | 0.2 mi |
Sierra Middle School, Riverside, CA 4950 Central Avenue, Riverside, CA 92504 | 7-8 | 0.8 mi |
Ramona High School, Riverside, CA 7675 Magnolia Avenue, Riverside, CA 92504 | 9-12 | 0.4 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 3796 San Rafael Way
Date
Details
Price
Change
Source
9/05/2023
Sold
$998,000
—
MLS
9/05/2023
Listed
$998,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3796 San Rafael Way, Riverside, CA 92504 (MLS# IV23165816) is a Office property that was sold on September 05, 2023. Want to learn more about 3796 San Rafael Way? Do you have questions about finding other Office real estate for sale in Riverside? You can browse all Riverside real estate or contact a Coldwell Banker agent to request more information.

