Property profile

1575 St Corning, CA 96021

OFF-MARKET
Mixed-use properties
40,440 SF 2.07 ac lot
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 1575 Street in Corning, CA, presents a significant investment opportunity. Spanning an entire city block and encompassing 2.07 acres, the property boasts over 40,440 square feet of building space under roof. The complex comprises several interconnected metal buildings, with one independent structure. Access is readily available from Fig Lane, East Street, Peach Street, and an alleyway (Hickory Street), providing convenient ingress and egress. The northeast building is currently leased. The property's zoning designation is M-1, placing it in a prime industrial area. Its strategic location across the street from Olive Plant Properties offers high visibility and potential for synergistic business relationships. The seller is open to offering several months of rent towards the preparation of the new owner's business, providing a valuable incentive. This substantial property presents a unique chance to acquire a large, well-situated industrial complex in a thriving Corning, CA location. The property is offered at $4,500,000. Note that a separate listing (MLS # SN22024878) also exists for this property.

Property profile

Verified
Property type Mixed-use properties
Total area 40,440 SF
Lot 2.07 ac (90,169 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1575 St 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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