Property profile

618 Corning, CA 96021

OFF-MARKET
Mixed-use properties
5,000 SF 0.2 ac lot Built 1910
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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

Location

618 Corning, CA 96021
Corning metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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