$416.18 Per Sq Foot $4,558 est/mo Sourced by Back At You

19620 Temescal Canyon Road,Corona, CA 92881

Corona CA, 92881

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Description

Priced to sell .75 acre development site at 19620 Temescal Canyon Road in the City of Corona. The offering is composed of two adjacent parcels of land along the busy thoroughfare of Temescal Canyon Road. Site is bordered by Olive Branch Christian Academy, El Cerrito Middle School, and El Cerrito Library. Currently, there are two standalone structures needing moderate TLC that may be operated as a owner / user /residence; however, tearing down the improvements for a new commercial retail operation is the highest and best use of the subject property. The site is a stone’s throw away from a vibrant mix of high-end retail at the Crossings at Corona such as Trader Joes, new luxury apartments near Dos Lagos, public transportation, easy highway access to I-15, and Dos Lagos Country Club. These retail clusters draw thousands of patrons each day that would need to drive past the site. Another advantage is the site’s proximity to I-15, which draws 170,000 vehicles each day. Zoning for this property is Retail General allowing for a broad range of indoor oriented retail sales and service, and office uses as either stand-alone businesses or as part of commercial centers or office developments. Corona is currently experiencing a post-covid economic retail boom. This site’s relative location to I-15, attractive amenities at the Crossings, and Dos Lagos Country Club make it an ideal and natural acquisition for any developer. Purchase price based on internal proforma analysis and market based assumptions. Pro forma available upon request. All buyers to conduct independent due diligence.

Details

MLS#DW24076476
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive Under Contract
Year1950
Days On Site35
Listing Provided ByKeller Williams - Downtown LA 213-221-7579 | Kevin Messiha

Features

SQ Feet2,040
Story(s)1
Acreage0.22

Market Activity 92881

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 2 minutes ago
StateCA
CountyRiverside
CityCorona
Zip Code92881
Area699 Not Defined
Listing VS Median (in 92881)
Price:
$849,000
low | high
Med:
$1,349,000
8.892815076561% of Average
SqFt:
2,040
low | high
Med:
1,874
58.161764705882% of Average
$ / SqFt:
$416
low | high
Med:
$750
30.135525926294% of Average
On Site:
35
low | high
Med:
145.000000
24.137931034483% of Average
Sourced by Back At You
Listing Updated: May 1, 2024 at 10:37:20 AM PDT