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    2120 Loleta Ave Corning, CA 96021

    Sponsored
    For Sale
    $1,800,000

    Prime Retail & Warehouse, High Visibility

    Property size:
    314,503 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property in Corning, CA, presents a unique owner-user or investment opportunity. Spanning 7.22 acres across two parcels, this mixed-use complex boasts a total of 314,503 square feet and includes a 1,654 square foot freestanding storefront building. The property features a substantial 14,000+ square foot warehouse with three temperature-controlled rooms (30'0" x 32'6", 24'7" x 21'2", and 49'0" x 57'9"), formerly used for bottling and storage, complete with food-grade walls. Additional warehouse features include two 24ft x 28ft roll-up doors, high (30ft) ceilings, and ample parking (20 spaces). The main building also offers a conference room, tasting room, offices, and three bathrooms. The property is zoned for commercial retail use and benefits from a highly visible location on Highway 99, with easy access and high traffic counts (over 39,500 vehicles daily). Its strategic location near Rolling Hills Casino and other local retailers makes it an ideal investment. Built in 2005, this Class A property is currently vacant and offers significant development potential. The property's features include a private gated entry and modern industrial design elements. Located in Corning, a charming town in Northern California, conveniently situated 40 minutes south of Redding and 40 minutes west of Chico. The asking price is $1,800,000 ($5.72/sq ft).

    Property Features for 2120 Loleta Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    314,503 SF
    Class
    A
    Lot Size
    314,503 SF

    Building Details

    Year Built
    2005
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • High‑visibility Hwy 99 location with ample frontage and convenient front and rear parking access.
    • Excellent owner‑user or investment opportunity: freestanding boutique storefront with warehouse.
    • Warehouse features three temperature‑controlled rooms.
    • Modern industrial space, previously an olive oil showroom, with high ceilings and modern fixtures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lucero Olive Oil Olive Oil Manufacturer American Olive Farmer, ... Olive Oil Manufacturer

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Corning
    County
    Tehama
    State
    California
    Longitude
    -122.1960174
    Latitude
    39.9142966

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Prime Retail & Warehouse, High Visibility
    Where is this refrigerated / cold storage located?
    The property is located at 2120 Loleta Ave Corning, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: High-visibility Hwy 99 location with ample frontage and convenient front and rear parking access.; Excellent owner-user or investment opportunity: freestanding boutique storefront with warehouse.; Warehouse features three temperature-controlled rooms.
    Request Owner's contact information
    2120 Loleta Ave Corning, CA 96021
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    Corning, CA 96021
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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
    2120 Loleta Ave Corning, CA 96021
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