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Property profile & analytics
OFF-MARKET
Industrial properties

Corona Ave Corning, CA

3.71 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.71-acre industrial property boasts a highly desirable location along the busy Interstate 5 corridor in Corning, California. Situated midway between Sacramento and Redding, this strategic location benefits from significant commuter traffic. The area's thriving economy is fueled by a Tesla Electric car charging station, numerous hotels, quick-service restaurants, and other businesses catering to commuters. The presence of a major truck stop hub and the popular Rolling Hills Casino further enhances the area's economic vitality. The casino's diverse events—including concerts, equestrian events, dog trials, golf tournaments, and hunting events—attract significant tourism and contribute to a robust local economy. Currently utilized as a productive olive orchard, the property is zoned Highway Commercial, falling within the Hwy 99-W Specific Plan and two overlay districts that actively promote freeway-oriented commercial activities and mixed-use developments. This presents a unique opportunity for developers and investors seeking a high-visibility location with strong growth potential. The property's size and zoning offer considerable flexibility for a wide range of commercial ventures, capitalizing on the high traffic volume and established commercial infrastructure of the I-5 corridor. This is a rare chance to acquire a significant parcel of land in a rapidly developing area. The existing olive orchard provides immediate income potential while allowing for future development plans.

Property profile
Verified
Property type Industrial properties
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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