Riverside, CA

Off Market in Riverside, CA

Off Market in Riverside, CA

If note purchase - Buyer 3%. Foreclosure can happen NOW as NOD was filed in June.
If fee simple purchase, Seller Broker will coop fee. Note Price is $2.2 mm and fee simple is $2.5mm.
 
Fully outfitted dinner house in excellent condition. New Roof.
Equipment comes with Property.
 
-NOTE SALE-
Defaulted and Vacant 8500 SF Restaurant on Large Lot with Multiple Uses Across from Kaiser Campus in the City of Riverside
GREAT DEVELOPMENT OPPORTUNITY
 
Riverside, CA
 
SUMMARY
Class B 8500 SF Vacant Restaurant Riverside
1.29 Acre Lot
Built 1982
Monument Signage Visible from 91 Freeway
Plenty of Parking Available
The property has many uses such as Restaurant, Medical, or Office Building
City Had Approved Redevelopment of 3 Story Office Building
Directly Across the Street from Kaiser Permanente Inland Empire Campus
Great for Owner User or Investment Income Opportunity
Original Interest Rate 4.5%
NOD File 6/2018
Current Default Rate 9.50%
Monthly Default Payment $21,595
Appraised in 2017 at $3,000,000
Loan Matures 7/2024
CURRENT UNPAID BALANCE
$2,241,570
 
If interested, please contact to sign NCND and receive Full Package:
Roy Belson
Re/Max Olson Commercial
(818) 620-2020
CalBRE #01345852