420 Main St Corona, CA 92878

Property Details for 420 Main St

Year built

2017

Property size

6,390 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional 6,390-square-foot retail condo in Corona, CA, presents a compelling investment opportunity. Located at 420 N Main St, 92878, this 100% occupied mixed-use property boasts a strong 6.00% capitalization rate and a substantial net operating income of $213,964. Built in 2017, the property benefits from its prime location within the thriving Metro at Main development, a mixed-use project featuring over 60,000 square feet of ground-floor retail and nearly 300 luxury apartments. The property enjoys exceptional visibility and accessibility, situated along North Main Street, a major thoroughfare with over 35,000 vehicles daily, and convenient access to Interstate 15 (187,000 VPD) and State Highway 91 (263,500 VPD). Its proximity to the Corona North Main Metrolink station further enhances its appeal. The surrounding area is densely populated, with over 244,400 residents and 88,900 daytime employees within a 5-mile radius, exhibiting a high average household income exceeding $129,000. The property's strong tenant synergy is amplified by its proximity to numerous national retailers, including Walmart, Target, Lowe's, and others, and several luxury apartment complexes, ensuring a robust and stable consumer base. The asking price is $3,566,000. This is a rare opportunity to acquire a high-performing retail asset in a rapidly growing market with significant upside potential. The property is zoned for commercial use and is offered as a retail condo ownership.

Location Insight

City

Corona

County

Riverside

State

California

Longitude

-117.602

Latitude

33.8915