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260 Ontario Ave Corona, CA 92879

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For Sale
$8,750,000

13,462 SF Medical Building, Excellent ROI

Property Features for 260 Ontario Ave

General Information

Property type
Other commercial real estate

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Listing Contact
Geoffrey Dewolf

Listing Agency: Economos Dewolf, Inc. Listing Agent: Geoffrey Dewolf

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Dental Care Dental Office Corona Kids Dental Dental Office Dr. Lan N. ... Dental Office Dr. Rajnikant M. ... Dental Office Neufeld Orthodontics - Dr. ... Dental Office

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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Location Insight

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City
Corona
County
Riverside
State
California
Longitude
-117.5678
Latitude
33.85571

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.
More about this property
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