618, Corning, CA 96021
This historic Corning, CA building, spanning 5,000 square feet on a 0.2-acre lot, presents a unique mixed-use investment opportunity. Recently upgraded to meet ADA compliance standards with the addition of a new elevator, this property offers exceptional flexibility. The upper floor, currently occupied by a quilt shop, features multiple individual office spaces and a bathroom. This area includes four separate offices, two of which are approximately 700 square feet each. The ground floor boasts a large, versatile space suitable as a main office or conference room, measuring approximately 900 square feet, along with two additional offices, a break room, and two bathrooms. Ample parking is available on-site and on the street. The building's history reflects its adaptability, having previously served various tenants, from single-occupancy to multiple businesses leasing individual spaces. The seller is open to selling the property as a whole or considering offers for individual office spaces. This property is ideal for a variety of uses and presents a strong return on investment. The asking price for the entire building is $599,999.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.