
Riverside, California 92507
Analysis of 1222 Center Street, Riverside, California 92507 is currently available with a list price of $699,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1948 (>75 years old) with no mention of renovations. The listing focuses on redevelopment potential and commercial zoning rather than the home's interior, suggesting the value lies in the land and location.
The C-O (Commercial Office) zoning provides exceptional flexibility for professional use while maintaining legal nonconforming residential status, offering a rare dual-purpose investment opportunity.
Situated on a prominent corridor near Downtown Riverside and UCR, the property benefits from significant traffic exposure and proximity to major employment and transportation hubs.
The 6,534 sq. ft. lot and existing structure offer a prime 'value-add' opportunity for renovation or complete reimagining in a rapidly revitalizing growth corridor.
The current configuration of 4 bedrooms and only 1 bathroom within 1,140 sq. ft. is an inefficient ratio that likely requires significant structural remodeling for modern utility.
Built in 1948, the property will likely necessitate substantial capital investment for modernization, repairs, and code compliance to meet professional commercial or residential standards.
Prime Riverside investment and redevelopment opportunity with C-O (Commercial Office) zoning! Situated on a high-visibility corridor surrounded by established residential neighborhoods, newer development, and ongoing revitalization, this unique property is currently configured as a legal nonconforming residence, offering a rare combination of residential use and commercial zoning. Ideal for investors, developers, owner-users, contractors, or business professionals seeking a strategic location with long-term upside. Situated on an approximately 6,534 sq. ft. lot, the existing structure presents an excellent value-add opportunity with the potential to renovate, modernize, or reimagine the property. The C-O zoning provides added flexibility for a variety of potential office and commercial uses, while the existing legal nonconforming residential status creates a unique opportunity not often found in the marketplace. Conveniently located just minutes from Downtown Riverside, UCR, shopping, dining, employment centers, and major transportation routes, this property is well positioned in one of Riverside’s growing corridors. Whether you’re looking for your next investment project, a future business location, or a property with redevelopment potential, this versatile property offers significant possibilities. Buyer to independently verify legal nonconforming status, zoning, permitted uses, land use, permits, and all development possibilities with the City of Riverside and other appropriate governmental agencies.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,140 | 1,867.892 |
| Lot Size | 6,534 | 8,787.773 |
| Price | $699.0K | $692.3K |
| Price per sq ft | $613 | $386 |
| Built year | 1948 | 1980 |
| HOA | $0 | $151 |
| Days on market | 40 | 55 |
Jul 31, 2026
$699,000
Initial Listing