Property profile

480 Solano St Corning, CA 96021

FOR LEASE
Medical Office Space
Property ID
US10-3040753
0.75 ac lot
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 3,000 square foot office building, situated on a 0.75-acre lot at 480 Solano Street in Corning, CA, presents a unique investment opportunity. The property boasts a highly desirable location and has a proven track record, having successfully served as both an attorney's office and a dental practice for an extended period. The building offers expansive views from all windows, providing a bright and pleasant work environment. Ample off-street parking is available, ensuring convenient access for clients and staff. The meticulously landscaped grounds enhance the property's curb appeal and create a welcoming atmosphere. This versatile commercial space is ideal for a variety of professional uses, offering a blend of functionality and aesthetic appeal. The property's history of successful occupancy speaks to its inherent value and potential for continued success. Its prime location in Corning, combined with its attractive features, makes this an exceptional opportunity for discerning buyers seeking a well-established and visually appealing commercial property. The 0.75-acre lot provides ample space for expansion or future development, adding to the property's long-term potential. The asking price of $499,000 reflects the property's significant value and market position. This is a rare opportunity to acquire a well-maintained, established commercial property in a desirable location.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Lot 0.75 ac (32,670 SF)
Zoning code C-1
APN 073-010-016-000
UPID US10-3040753

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Dental Office

Location

480 Solano St Corning, CA 96021
Corning metro Census 1000 RED BLUFF, CA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2023
Last sale
$400,000
6 recorded transactions
2023
$400,000
2023
Price N/A
2016
Price N/A
2003
$230,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-1 · Corning, CA
Zoning description

The intent of this zone is to promote small-scale commercial uses that serve the daily shopping and service needs of nearby residential areas

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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