Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    508 Grand Blvd Corona, CA 92882

    Sponsored
    For Sale
    $899,000

    Two-unit retail building, 4,008 sq ft

    Property size:
    4,008 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a two-unit retail building totaling 4,008 square feet, situated on a 0.23-acre lot at 508 Grand Boulevard in Corona, CA. Built in 1968, this single-story property boasts a prime location on the iconic circular West Grand Boulevard, zoned Community Service (CS). The larger suite (2,480 sq ft) features six rooms, two bathrooms, central air, and a gas-fired space heater, along with three exterior entrances. The smaller suite (1,600 sq ft) includes one additional room, one bathroom, a wall-mounted AC unit, and a gas-fired space heater, with two exterior entrances. Both suites share a covered 357 sq ft front porch and are adjoined by a common wall. The property offers ample parking with three spaces in the front lot and additional space in the rear. The brick building, constructed on a concrete foundation with a flat/pitch roof, has independent utility access for each suite. The 67-foot street frontage provides excellent visibility. The property's 10,019 sq ft lot offers significant potential. Note that adjacent pod storage units are not included in the sale. The City of Corona is undertaking a comprehensive plan to revitalize the downtown area, with nine scheduled improvements, including streetscape enhancements on Grand Boulevard and 6th Street, already underway. This presents a unique chance to capitalize on the area's anticipated growth. The asking price is $899,000.

    Property Features for 508 Grand Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    4,008 SF
    Lot Size
    10,019 SF

    Building Details

    Year Built
    1968
    Property Profile Location Intelligence

    Current Use by Public Records

    B'llo bb Boutique ... Baby Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.5742
    Latitude
    33.87709

    Nearby Similar for Sale

    • $799,999
      3,600 SF

      Corona Commercial Building with Warehouse

      3,600 sq ft commercial building suitable for various uses.
      13659 Magnolia Ave, Corona, CA 92879
      View Details
    • $899,000
      1,701 SF

      Corona Duplex with RV Parking

      Rare single-story duplex in Corona with seller financing available.
      402 S Howard St, Corona, CA 92879
      View Details
    • $2,000,000
      3,916 SF

      Corona Mixed-Use Investment Opportunity

      Mixed-use property with residential and commercial units in Corona.
      820 W 6Th St, Corona, CA 92882
      View Details
    • $1,275,000
      4,800 SF

      Mixed-Use Property in Corona, CA

      Four-unit mixed-use property in the heart of Corona.
      1185 W Grand Blvd, Corona, CA 92882
      View Details
    • $645,000
      1,288 SF

      Duplex Near Downtown Corona

      Duplex with two units, each featuring 2 bedrooms/1 bathroom.
      831 W 7Th St, Corona, CA 92882
      View Details
    • $1,350,000
      4,500 SF

      Six-Unit Multifamily Investment Opportunity

      Rare, income-generating six-unit property in Corona, CA.
      7979 Minnesota Rd, Corona, CA 92881
      View Details
    • $550,000
      988 SF

      Corona Single Family Investment Property

      Charming single-family residence in Corona with tenant in place.
      1329 Pleasant View Ave, Corona, CA 92882
      View Details
    • $875,000
      2,926 SF

      Mixed-Use Property in Corona, CA

      Commercial building and residential unit near freeways in Corona.
      501 S Victoria Ave, Corona, CA 92879
      View Details
    • $850,000
      2,839 SF

      Three Unit Income Property

      Three occupied units near downtown Corona with immediate cash flow.
      1508 S Main St, Corona, CA 92882
      View Details
    • $1,295,000
      3,000 SF

      Remodeled Triplex in Corona, CA

      Fully remodeled triplex with strong cash flow potential in Corona.
      1240 E St, Corona, CA 92882
      View Details
    • $569,900
      1,400 SF

      Sierra Del Oro End Unit

      Three-story condo with mountain views, upgraded features, and community amenities.
      2802 Green River Rd, Corona, CA 92882
      View Details
    • $555,000
      1,495 SF

      Lakeside Living Condo with Amenities

      Turnkey 3-bedroom condo in amenity-rich community with lakeside access.
      1533 Camelot Dr, Corona, CA 92882
      View Details

    FAQs

    What type of property is this?
    Retail property - Two-unit retail building, 4,008 sq ft
    Where is this retail property located?
    The property is located at 508 Grand Blvd Corona, CA.
    What is the asking price?
    The asking price for this property is $899,000.
    (951) 280-9832
    Request Owner's contact information
    508 Grand Blvd Corona, CA 92882
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    508 Grand Blvd
    Corona, CA 92882
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    508 Grand Blvd Corona, CA 92882
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.