2630 Tuscany StCorona, CA 92881

Property Details for 2630 Tuscany St

Year built

2004

Construction

WOOD

Lot size

4.76 AC

Property size (Sq ft)

25,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

279-530-019

APU

279530019

Description

This thriving restaurant, located within the Crossings at Corona Mall at 2630 Tuscany Street Unit 102, Corona, CA, presents a unique business opportunity. The 1,301 square-foot space includes a sizable front patio capable of seating up to 14 patrons, offering excellent potential for outdoor dining. The all-inclusive monthly rent is $4,876.42, a highly competitive rate for this desirable area. The fully equipped kitchen boasts a substantial 13-foot hood, a grease interceptor, and an existing Beer and Wine License, streamlining the transition for a new owner. The current menu is adaptable, subject to landlord approval, allowing for creative customization and menu innovation. The restaurant benefits from the strong tenant mix within the Crossings at Corona Mall, a vibrant shopping center featuring numerous national brands. Further details on the mall's tenants and amenities can be found at www.shopcrossingsatcorona.com. This turnkey operation offers immediate revenue potential and a solid foundation for continued success in a high-traffic location. The asking price for this exceptional opportunity is $120,000.

• CAP approach

  CAP return

  Valuation

  6%

  $10,100,386

  6.5%

  $9,323,433

  7%

  $8,657,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,051,618

  Geo Method

  $22,174,110

• Alternative Use

  Use

  Valuation

  Residential

  $7,864,665

  Hospitality

  $7,203,991

  Educational

  $5,993,636

  Medical

  $6,199,766

  Retail

  $9,323,433

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8227

Longitude

-117.517

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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