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    11764 De Palma Rd Corona, CA 92883

    Sponsored
    For Sale
    $3,200,000

    Prime Retail, Drive-Thru, 5,123 SF

    Property size:
    5,123 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5,123-square-foot retail property, located at 11764 De Palma Road in Corona, California, presents a compelling investment opportunity. Currently vacant, this freestanding building boasts a unique, fully-encircling drive-thru, ideal for quick-service restaurants or similar businesses. Situated within the Shops at Sycamore Plaza, a thriving shopping center anchored by Vons and CVS, this property benefits from high visibility and significant traffic. The one-acre lot offers substantial redevelopment potential for various commercial uses, including retail and medical facilities. Its strategic location provides excellent exposure to the 15 Freeway, with a daily traffic count exceeding 126,000 vehicles, further enhanced by signage rights to the center's freeway monument sign. Built in 2008, the property is zoned SP and features a single building on a 0.99-acre lot (APN 290-670-026). The asking price is $3,200,000, offering a fee simple ownership opportunity. The property's size and location make it suitable for a single tenant or can be easily adapted for multiple occupants. This is a rare chance to acquire a high-traffic, well-located retail space with significant upside potential in a rapidly growing area.

    Property Features for 11764 De Palma Rd

    General Information

    Property type
    Restaurants
    Square Feet
    5,123 SF
    Lot Size
    43,124 SF

    Building Details

    Year Built
    2008
    Buildings
    1

    HighLights

    • Freestanding retail pad in the Shops at Sycamore Plaza, a Vons & CVS‑anchored center.
    • Drive‑thru accommodates multiple vehicles.
    • Suitable for single or multi‑tenant occupancy.
    • One‑acre lot allows for redevelopment opportunities, including retail and medical uses.
    • High visibility from the 15 Freeway (126,000 CPD) with monument signage rights.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo Advisors Investment Service Wells Fargo ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Corona
    County
    Riverside
    State
    California
    Longitude
    -117.45439740454
    Latitude
    33.747024246534

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail, Drive-Thru, 5,123 SF
    Where is this restaurant located?
    The property is located at 11764 De Palma Rd Corona, CA.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Freestanding retail pad in the Shops at Sycamore Plaza, a Vons & CVS-anchored center.; Drive-thru accommodates multiple vehicles.; Suitable for single or multi-tenant occupancy.
    Request Owner's contact information
    11764 De Palma Rd Corona, CA 92883
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    Corona, CA 92883
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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
    11764 De Palma Rd Corona, CA 92883
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