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    OFF-MARKET
    Mixed-use properties

    1575 St, Corning, CA 96021

    40,440 SF 2.07 ac lot
    Property ID
    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
    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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