Carona Ave Corning, CA 96021
- Mixed-use properties
- 3.71 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 0 Carona Ave
- Lot size
- 3.71 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 3.71-acre commercial land parcel in Corning, CA, presents a unique investment opportunity. Located along the busy I-5 corridor, this property boasts Highway Commercial zoning within the Hwy 99-W Specific Plan, further enhanced by two overlay districts promoting freeway-oriented commercial and mixed-use projects. Its strategic location halfway between Sacramento and Redding makes it a prime spot for businesses catering to commuters, benefiting from high traffic volume. The area's thriving economy is fueled by a Tesla charging station, numerous hotels, quick-service restaurants, and other commuter-focused businesses. The presence of a major truck stop hub and the popular Rolling Hills Casino, which hosts a wide array of events including concerts, equestrian events, and sporting competitions, significantly boosts tourism and creates a robust market. Currently utilized as a productive olive orchard, the land offers immediate income potential while presenting significant upside for future development. The APN is 069-210-077-000. The asking price is $450,000.
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
- -122.152
- Latitude
- 39.9241
