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    OFF-MARKET
    Mixed-use properties

    618, Corning, CA 96021

    5,000 SF 0.2 ac lot Built 1910
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Mixed-use properties
    Year built 1910
    Total area 5,000 SF
    Lot 0.2 ac (8,712 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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