Property summary
This exceptional 55,000-square-foot retail property, located at 109 N McKinley Street in Corona, California (zip code 92879), presents a unique investment opportunity. The single-tenant building, constructed in 1990, boasts ample parking with 255 spaces. Its convenient location offers excellent accessibility, situated directly off McKinley Street and the 91 Freeway, with the added benefit of proximity to the 15 Freeway (just 2 miles east). The property features a supermarket/storefront configuration, ideal for a variety of retail uses. Currently undergoing renovations, the office and mezzanine areas are being updated to enhance functionality and appeal. A significant advantage is the ongoing city construction project, the McKinley Street Grade Separation, scheduled for completion in 2024. This project is expected to dramatically improve visibility and accessibility to the property, increasing its overall value and attracting a wider range of potential tenants. The property's APN is 172050006. This is a rare opportunity to acquire a substantial retail space in a rapidly growing area with significant future development potential. The building does not include elevators. The property is available for sale or lease.
Property profile
VerifiedCap rate & NOI
Current use
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Bank Credit Union
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
R106 · Corona, CAZoning
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