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    99 Hwy Corning, CA 95021

    For Sale
    $450,000

    Prime Commercial Land, Highway 99, Corning

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 9.78-acre commercial property presents a remarkable investment opportunity on Highway 99 in Corning, California. Zoned CBDZ, this expansive parcel offers significant potential for a diverse range of developments, including restaurants, hotels, motels, or apartment complexes. The property's strategic location provides easy access to downtown Corning and is conveniently situated just a couple of miles from the Rolling Hills Casino, ensuring high visibility and potential for substantial foot traffic. The land is currently equipped with an agricultural well, septic system, and electricity, providing a solid foundation for new construction. Furthermore, city sewer and water connections are readily accessible, simplifying the development process. Currently featuring olive trees, these will be removed prior to sale, and the land will be leveled, providing a clean slate for immediate development. This is an unparalleled chance to capitalize on the growth and potential of Corning, a city poised for expansion. The property's size and zoning make it ideal for a large-scale project or a series of smaller developments. Invest in this prime location and reap the rewards of a thriving commercial venture.

    Property Features for 99 Hwy

    General Information

    Property type
    Mixed-use properties
    Lot Size
    426,017 SF
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -121.5705
    Latitude
    37.0095

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Commercial Land, Highway 99, Corning
    Where is this mixed-use property located?
    The property is located at 99 Hwy Corning, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    (530) 345-6618
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    99 Hwy Corning, CA 95021
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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
    99 Hwy Corning, CA 95021
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