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$1,650,000 -$100,000 (-5.71%) Price Reduced

  • For Sale
  • Active
  • Business
  • 4,536 Sq. Ft.
  • 1.74 Acres
  • Updated 6 days ago
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This exceptional investment opportunity features a flat, fully fenced 1.74-acre lot with two separate commercial buildings, each assigned its own address: 407 Iowa Ave and 421 Iowa Ave. 407 Iowa Ave 2,152 sq ft standalone building Currently leased and operating as a restaurant, generating immediate income 421 Iowa Ave 2,384 sq ft building divided into two commercial units: One unit formerly a bakery One unit formerly a barber shop Flexible layout ideal for owner-use or lease-up potential Property Features Flat, level lot for ease of access and future development Enclosed with a common block wall for added security and privacy Multiple income streams from established tenants and vacant units ready for lease or repurposing Ideal for investors seeking cash flow or owner-users looking for a versatile commercial space This property offers a rare blend of income generation, flexibility, and security-positioned perfectly for long-term investment or immediate business use.

Full Property Details for 407 Iowa Ave

General

  • Price: $1,650,000
  • Status: Active
  • Type: Business
  • Source: MRMLS
  • MLS ID: IV25173310
  • Updated: 5/8/2026
  • Days on Market: 285 days
  • Added to Site: 286 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Location

  • County: Riverside
  • Driving Directions: 215 to Center then Iowa Ave

Heating & Cooling

  • Heating Type: None

Utilities

  • Utility Description: Water Available, Natural Gas Connected, Sewer Available, Phone Available, Natural Gas Available, Electricity Available, Phone Connected, Electricity Connected, Water Connected

Structural Information

  • # Buildings: 2
  • Entry Floor Number: 1
  • Stories/Levels: 1
  • Building Size: 4536
  • Square Feet: 4,536
  • Current Bldg. Use: Commercial
  • Year Built: 1957
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 1.74
  • Useable Acres: 1.74
  • Lot Size (Sq. Ft.): 75,794
  • Lot Size Source: Assessor
  • Fence: Yes
  • Lot Features: Level with Street, Level, Value In Land
  • Lot Description: Level with Street, Level, Value In Land
  • Fencing (Description): Cross Fenced, Brick

Financial Considerations

  • Price Per Sq. Ft.: $363

Disclosures and Reports

  • Property ID: 247081020

Listed by A One Plus Realty Incorporated, SHAKERMOHAMMAD

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Listing agent

— 407 Iowa Ave —

  • SHAKERMOHAMMAD

    A One Plus Realty Incorporated

951-250-1485

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 407 Iowa Ave

School District:Riverside Unified School District
NameGradesDistance
Highgrove Elementary School
690 Center Street, Riverside, CA 92507
K-60.8 mi
University Heights Middle School
1155 Massachusetts Avenue, Riverside, CA 92507
7-81.8 mi
John W. North High School
1550 3rd Street, Riverside, CA 92507
9-122.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 407 Iowa Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Price Reduced
$1,650,000
-5.71%
MLS
8/01/2025
Listed
$1,750,000
—
MLS
Get Price Alerts and Save Property
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 for 407 Iowa Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,156
3%
$443,820
2%
2024
$4,993
1%
$435,119
2%
2023
$4,958
2%
$426,588
2%
2022
$4,865
2%
$418,224
2%
2021
$4,782
1%
$410,024
1%
2020
$4,747
2%
$405,821
2%
2019
$4,660
2%
$397,865
2%
2018
$4,571
2%
$390,065
2%
2017
$4,492
7%
$382,418
2%
2016
$4,212
1%
$374,921
2%
2015
$4,158
1%
$369,291
2%
2014
$4,120
—
$362,058
—
2013
$4,102
—
$360,424
—
View All
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 for 407 Iowa Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by A One Plus Realty Incorporated, SHAKERMOHAMMAD

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407 Iowa Avenue, Riverside, CA 92507 (MLS# IV25173310) is a Business property. 407 Iowa Avenue is currently listed for $1,650,000 and was received on August 01, 2025. Want to learn more about 407 Iowa Avenue? 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.

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