Property profile

618 4th St Corning, CA 96021

OFF-MARKET
Office buildings
Property ID
US09-0393817
2,573 SF 0.3 ac lot Built 1951
Trust Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This historic Corning, CA commercial building, situated on a 0.2-acre lot, offers 5,000 square feet of versatile space ideal for multiple tenants or a single occupant. Recently upgraded to meet ADA compliance with the addition of a new elevator, the property boasts a unique blend of historical charm and modern convenience. The upper floor, currently utilized as a quilt shop, features several individual offices and a bathroom. This floor alone offers four separate office spaces, two of which are approximately 700 square feet each. Downstairs, a large, open area of approximately 900 square feet could function as a main office or conference room, complemented by two additional offices, a break room, and two bathrooms. Ample parking is available on-site, supplemented by convenient street parking. The building's history reflects its adaptability, having previously served various businesses, from single-tenant occupancy to multiple company leases. The owner is open to leasing individual office spaces to multiple tenants or selling the entire building. The property's flexible layout and central Corning location make it an exceptional opportunity for a variety of commercial uses. Inquire for detailed leasing or purchase pricing.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1951
Construction WOOD
Total area 2,573 SF
Lot 0.3 ac (12,999 SF)
Zoning code C-2
APN 071-114-005-000
UPID US09-0393817

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Health Care Service
  • (Bike/Boat/Book/etc) Store Home Decor Store
  • Home Health Care Service

Location

618 4th St Corning, CA 96021-2508
Corning metro Census 1102 RED BLUFF, CA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2007
2 recorded transactions
2007
Price N/A
1994
$105,577

Zoning & alternative use

C-2 · Corning, CA
Zoning description

The intent of this zone is to promote a broad range of commercial, retail, and service uses that serve both local and regional needs

General category COMMERCIAL

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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