Property summary
This exceptional 10,218-square-foot freestanding industrial building, located at 1240 Railroad Street in Corona, California, presents a unique investment opportunity. Built in 1980 and renovated in 2005, this single-story property sits on a 0.54-acre lot (23,522 square feet) and boasts 3,848 square feet of executive office space. The warehouse area features a generous 16-foot clear height ceiling, three 12' x 14' ground-level loading dock doors, and three loading docks. Ample parking is provided with 21 spaces, including handicap-accessible spots. The property includes a secured, concrete, and fenced yard area, enhancing security and functionality. The building is equipped with a fire sprinkler system and offers 800 amps of power at 120/208 volts (buyer to verify). Three large restrooms are conveniently located within the building. The property is zoned M-1 (Light Manufacturing and Industrial Uses), allowing for a variety of potential uses. Its convenient location offers immediate access to the 91 Freeway, providing excellent transportation links. The Assessor's Parcel Number (APN) is 118-160-026. This property is ideal for businesses seeking a versatile and well-maintained space in a prime location.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
Value estimations
Owner & transaction history
Zoning & alternative use
M-1 Light Manufacturing Zone . The M-1 (Light Manufacturing) Zone is intended for light manufacturing and industrial uses. The purpose of the M-1 zone is to provide for manufacturing uses that are generally passive becau…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
M1 · Corona, CAM-1 Light Manufacturing Zone . The M-1 (Light Manufacturing) Zone is intended for light manufacturing and industrial uses. The purpose of the M-1 zone is to provide for manufacturing uses that are generally passive becau…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for M1 in Corona, CA.
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