508 Grand Blvd Corona, CA 92882

Property Details for 508 Grand Blvd

Year built

1968

Construction

TILT-UP CONCRETE

Lot size

0.23 lot acres

Property size

4,000 SF

Zone code

C2

Property type

Retail space

APN

117-340-021

APU

117340021

Description

This exceptional investment opportunity presents a two-unit retail building totaling 4,008 square feet, situated on a 0.23-acre lot at 508 Grand Boulevard in Corona, CA. Built in 1968, this single-story property boasts a prime location on the iconic circular West Grand Boulevard, zoned Community Service (CS). The larger suite (2,480 sq ft) features six rooms, two bathrooms, central air, and a gas-fired space heater, along with three exterior entrances. The smaller suite (1,600 sq ft) includes one additional room, one bathroom, a wall-mounted AC unit, and a gas-fired space heater, with two exterior entrances. Both suites share a covered 357 sq ft front porch and are adjoined by a common wall. The property offers ample parking with three spaces in the front lot and additional space in the rear. The brick building, constructed on a concrete foundation with a flat/pitch roof, has independent utility access for each suite. The 67-foot street frontage provides excellent visibility. The property's 10,019 sq ft lot offers significant potential. Note that adjacent pod storage units are not included in the sale. The City of Corona is undertaking a comprehensive plan to revitalize the downtown area, with nine scheduled improvements, including streetscape enhancements on Grand Boulevard and 6th Street, already underway. This presents a unique chance to capitalize on the area's anticipated growth. The asking price is $899,000.

Location Insight

City

Corona

County

Riverside

State

California

Longitude

-117.574

Latitude

33.8771

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments