Technical
Financial
Distress signals
Property profile

99 Hwy Corning, CA

OFF-MARKET
Mixed-use properties
9.78 ac lot
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Property summary

AI-generated overview

This exceptional 9.78-acre commercial property presents a unique investment opportunity in Corning, CA. Strategically located on Highway 99, this CBDZ-zoned land offers unparalleled potential for a diverse range of developments. Imagine a thriving restaurant, a comfortable hotel or motel, or a modern apartment complex – the possibilities are vast. The property's prime location near downtown Corning and its proximity to the Rolling Hills Casino ensure high visibility and accessibility. The land is currently planted with olive trees, which will be removed prior to sale, and the site will be leveled for seamless construction. Existing infrastructure includes an agricultural well, septic system, and electricity, with convenient access to city sewer and water lines. This is a blank canvas for a visionary developer seeking to capitalize on Corning's growth trajectory. The expansive acreage and strategic location make this a truly remarkable opportunity to build a significant commercial presence in a rapidly developing area. This property is priced to sell at $450,000. Don't miss this chance to shape the future of Corning's commercial landscape.

Property profile

Verified
Property type Mixed-use properties
Lot 9.78 ac (426,017 SF)

Cap rate & NOI

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

Location

99 Hwy Corning, CA
Corning metro
Google Maps

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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