Awesome commercial property located in the heart of Corona. Minutes away from downtown, Corona regional hospital, and the metro station. Conveniently situated on Grand Blvd right next to the 91 freeway. This property is zoned as CS(Community Services), and MU 1(Mixed Use) under General Plan. This property has great potential with the opportunity to build multi-family / apartments, hospitality, medical or assisted living / senior care. Currently, owner-occupied, used as a boat repair and service business. The structure is approx. 5,950 sf, and lot size is approx. 1.08 acres. The building has plenty of storage, 4 roll up doors, 2 bathrooms(1 bathroom ADA compliant) and 2 offices. New led lighting in the building and around the lot/yard area. The property also boasts a 3 bed 1 bath single family home(SFR) with garage. Possible opportunity for apartments/multi-unit/retail. This one of a kind property holds many possibilities. Some possible uses could be, Doctors office/medical, retail/plaza, professional offices, church, school, residential and more. Buyer(s) to do their due diligence and verify zoning and property use with the city. ** Business is also available FOR SALE separately **
Great multi-tenant office / retail investment opportunity. Located on the high traffic corner of 6th St and Smith Ave in Corona, CA. Direct access to the 91 freeway and other local amenities. Property consists of 17 individual units that are currently 100% occupied. Cap rate of 6.42% is calculated with property taxes adjusted to reflect valuation of current asking price of $1,049,000.