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    1935 Foothill Pkwy Corona, CA 92881

    Sponsored
    For Lease
    $39 SF/Yr

    Prime Retail Space, I-15 Visibility

    Lot size:
    4,095 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail or restaurant opportunity is located at 1935 Foothill Pkwy in Corona, CA, 92881. The property boasts a 9.5-acre retail development site with freestanding pad options available for lease. The owner is flexible and will consider Build-to-Suit (BTS) or ground lease arrangements. This highly visible location offers unparalleled exposure to the I-15 Freeway, a major thoroughfare with an impressive 169,000 average daily traffic (ADT) at the Foothill Parkway intersection. Foothill Parkway itself sees a significant 30,000 ADT. The property benefits from its proximity to a new residential development, adding to the potential customer base. Construction has commenced on an adjacent parcel featuring 148 new homes. Furthermore, the property is conveniently located within 0.1 miles of the 25-acre El Cerrito Sports Park, providing additional foot traffic and visibility. This prime location offers a unique chance to establish a thriving business in a high-traffic area with excellent freeway visibility. The property is classified as Retail, Restaurant, Subtype C, with multiple tenancy options. This is a rare opportunity to secure a prominent location in a rapidly growing area of Riverside County.

    Property Features for 1935 Foothill Pkwy

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,095 SF

    Unit(s) available at that property

    Space
    102
    Size
    894 SF
    Rate per SF
    $39
    Space
    113
    Size
    1,200 SF
    Rate per SF
    $39
    Space
    103
    Size
    2,001 SF
    Rate per SF
    $39
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Gym & Fitness Auto Parts Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.53091197482
    Latitude
    33.831514708072

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, I-15 Visibility
    Where is this restaurant located?
    The property is located at 1935 Foothill Pkwy Corona, CA.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    Request Owner's contact information
    1935 Foothill Pkwy Corona, CA 92881
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    Corona, CA 92881
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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
    1935 Foothill Pkwy Corona, CA 92881
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