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    260 Ontario Ave Corona, CA 92879

    Sponsored
    For Sale
    $8,750,000

    13,462 SF Medical Building, Excellent ROI

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 13,462-square-foot medical condo, located at 260 Ontario Avenue Unit 101 in Corona, CA, presents a lucrative investment opportunity. Priced at $8,750,000 ($649 per square foot), this ground-floor property boasts a prime location within the Corona South Main Medical Plaza. The building, constructed in 2008, comprises three suites. One large suite, measuring 8,607 square feet, is currently vacant, offering immediate potential for expansion or lease to a high-value tenant. The remaining two suites are secured by new 10-year triple net (NNN) leases, providing a stable and predictable income stream. A significant advantage is the inclusion of 268 solar panels, installed in 2019 at a cost of $330,000, significantly reducing operating expenses and enhancing the property's environmental sustainability. The property's strategic location offers easy access to a variety of restaurants and amenities, enhancing its appeal to both tenants and potential buyers. This owner-user opportunity combines immediate income generation with the flexibility to occupy a substantial portion of the building, making it an ideal investment for a medical practice or a savvy real estate investor seeking a strong return on investment in a thriving medical corridor. The property is situated on a 0-acre lot.

    Property Features for 260 Ontario Ave

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Dental Care Dentist Corona Kids Dental Pediatric Dentist Dr. Lan N. ... Dentist Dr. Rajnikant M. ... Dentist Neufeld Orthodontics - Dr. ... Orthodontist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.5678
    Latitude
    33.85571

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    FAQs

    What type of property is this?
    Commercial real estate - 13,462 SF Medical Building, Excellent ROI
    Where is this commercial real estate located?
    The property is located at 260 Ontario Ave Corona, CA.
    What is the asking price?
    The asking price for this property is $8,750,000.
    (949) 576-2751
    Request Owner's contact information
    260 Ontario Ave Corona, CA 92879
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    Corona, CA 92879
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    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
    260 Ontario Ave Corona, CA 92879
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