Property profile

22570 Gallagher Ave Corning, CA 96021

OFF-MARKET
Land
Property ID
US09-2023518
5 ac lot
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Property summary

AI-generated overview

This exceptional 5-acre commercial property in Corning, California, presents a unique investment opportunity. Located at 22570 Gallagher Ave (APN 069110038000), the land is zoned AG-2 and offers a substantial 2400 sq ft shop featuring three-phase power, four 16-foot doors (two automatic), a full bathroom with its own septic system, wood heat, and a swamp cooler. Attached to the shop is a 60' x 40' equipment port and a 15' x 40' RV port with a concrete floor. The property also includes a two-stall barn with materials for a third stall. Landscaping highlights include a row of Sevellano olive trees (owner shares oil production) and a variety of other trees. Two fire breaks surround the property, one featuring large redwood trees. The property also boasts gardens and a well-maintained lawn. A 1745 sq ft single-story home with 8-foot doors and tile flooring is situated on the property. The exterior of the home was recently repainted. The property offers ample parking with 114 spaces. The land value is $458 per square foot. This property offers a blend of commercial and residential features, making it ideal for a variety of uses. The property's combination of a large shop, ample land, and a comfortable home provides a unique opportunity for both business and personal use. This is more than just a property

Property profile

Verified
Property type Land
Lot 5 ac (217,800 SF)
UPID US09-2023518

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

22570 Gallagher Ave Corning, CA 96021
Corning metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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