2045 Compton AveCorona, CA 92881

Property Details for 2045 Compton Ave

Lot size

0.04 AC

Zone code

C

Property type

Office properties

Property subtype

Office buildings

APN

278-231-042

APU

278231042

Description

This exceptional two-story medical office building, located at 2045 Compton Ave in Corona, CA 92881, presents a unique investment opportunity. The property boasts a flexible floor plan with a total square footage ranging from 2,279 to 5,009 square feet, making it suitable for a variety of medical practices. The building features ample surface parking, providing a convenient 4 spaces per 1,000 square feet. Its strategic location offers excellent freeway access, being minutes from the 91 and 15 freeway interchange, and the possibility of prominent freeway signage. The property benefits from its proximity to numerous retail and food service establishments, enhancing convenience for both patients and staff. The land value is priced between $475 and $495 per square foot. The building's high-image design and convenient location make it an attractive option for medical professionals seeking a well-situated and easily accessible office space. While medical use is possible, verification is recommended. This is a modified lease type property. This presents a rare opportunity to acquire a well-positioned medical office building in a thriving Corona location.

• CAP approach

  CAP return

  Valuation

  6%

  $443,592

  6.5%

  $409,470

  7%

  $380,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $283,132

  Geo Method

  $568,080

• Alternative Use

  Use

  Valuation

  Residential

  $507,743

  Hospitality

  $465,090

  Educational

  $386,949

  Medical

  $400,257

  Retail

  $601,921

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8495

Longitude

-117.535

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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