260 Ontario Ave Corona, CA 92879
- Commercial real estate
Current Use by Public Records
- Dental Care / Dentist / Cosmetic Dentist
- Corona Kids Dental / Dentist / Pediatric Dentist
- Dr. Lan N. Nguyen, DDS / Dentist / Pediatric Dentist
- Dr. Rajnikant M. Patel, DDS / Dentist / Cosmetic Dentist
- Neufeld Orthodontics - Dr. Terri Neufeld / Orthodontist
Property Details for 260 Ontario Ave
- Property type
- Commercial real estate
Description
This exceptional 13,462-square-foot medical condo, located at 260 Ontario Avenue Unit 101 in Corona, CA, presents a lucrative investment opportunity. Priced at $8,750,000 ($649 per square foot), this ground-floor property boasts a prime location within the Corona South Main Medical Plaza. The building, constructed in 2008, comprises three suites. One large suite, measuring 8,607 square feet, is currently vacant, offering immediate potential for expansion or lease to a high-value tenant. The remaining two suites are secured by new 10-year triple net (NNN) leases, providing a stable and predictable income stream. A significant advantage is the inclusion of 268 solar panels, installed in 2019 at a cost of $330,000, significantly reducing operating expenses and enhancing the property's environmental sustainability. The property's strategic location offers easy access to a variety of restaurants and amenities, enhancing its appeal to both tenants and potential buyers. This owner-user opportunity combines immediate income generation with the flexibility to occupy a substantial portion of the building, making it an ideal investment for a medical practice or a savvy real estate investor seeking a strong return on investment in a thriving medical corridor. The property is situated on a 0-acre lot.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Corona
- County
- Riverside
- State
- California
- Longitude
- -117.568
- Latitude
- 33.8557
