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    OFF-MARKET
    Land

    0 Corona Ave, Corning, CA 96021

    3.71 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 3.71-acre property, located on Corona Avenue in Corning, California (zip code 96021), presents a unique investment opportunity. Situated along the busy Interstate 5 corridor, this land boasts prime highway commercial zoning, perfectly positioned midway between Sacramento and Redding. The strategic location benefits from high commuter traffic and proximity to amenities such as a Tesla charging station, hotels, quick-service restaurants, and other businesses thriving in this area. The property's zoning, designated as Highway Commercial within the Hwy 99-W Specific Plan and under two overlay districts, actively encourages freeway-oriented commercial activities and mixed-use developments. Currently utilized as a productive olive orchard, the land offers significant potential for a variety of commercial ventures, including retail strips, hotels, and restaurants. The area's tourism is further boosted by the nearby Rolling Hills Casino, which hosts numerous events throughout the year, including concerts, equestrian events, dog trials, golf tournaments, and hunting events. The APN is 069-210-077-000. The asking price for this exceptional commercial land is $450,000. The property is offered with full ownership.

    Property profile
    Verified
    Property type Land
    Lot 3.71 ac (161,608 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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