Corona Ave Corning, CA 96021
- Commercial real estate
- 3.71 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Corona Ave
- Lot size
- 3.71 lot acres
- Property type
- Commercial real estate
Description
This exceptional 3.71-acre commercial property boasts a prime location along the busy Interstate 5 corridor in Corning, CA. Situated midway between Sacramento and Redding, this strategic location benefits from significant commuter traffic. The area's popularity is further enhanced by the presence of a Tesla electric car charging station, attracting travelers and providing ample opportunity for overnight stays. The existing infrastructure supports a thriving business environment, with successful hotels, quick-service restaurants, full-service restaurants, and commuter-focused businesses already established. The property's proximity to a major truck stop hub and the Rolling Hills Casino, a significant regional attraction hosting numerous events (concerts, equestrian events, dog trials, golf tournaments, and hunting events), contributes to high visibility and substantial foot traffic. Currently utilized as a productive olive orchard, the property is zoned Highway Commercial, falling within the Hwy 99-W Specific Plan and two overlay districts that actively promote freeway-oriented commercial activities and mixed-use developments. This presents a unique opportunity for developers and investors seeking high-traffic exposure and diverse development potential in a rapidly growing area. The property's size and zoning offer significant flexibility for a wide range of commercial ventures, capitalizing on the area's robust tourism and commuter-driven economy. This is a rare chance to acquire a substantial commercial parcel in a high-demand location with exceptional growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corning
- County
- Tehama
- State
- California
- Longitude
- -122.161
- Latitude
- 39.9241