Remarks

Priced to sell .75 acre development site at 19620 Temescal Canyon Road in the City of Corona. The offering is composed of two adjacent parcels of land along the busy thoroughfare of Temescal Canyon Road. Site is bordered by Olive Branch Christian Academy, El Cerrito Middle School, and El Cerrito Library. Currently, there are two standalone structures needing moderate TLC that may be operated as a owner / user /residence; however, tearing down the improvements for a new commercial retail operation is the highest and best use of the subject property. The site is a stone’s throw away from a vibrant mix of high-end retail at the Crossings at Corona such as Trader Joes, new luxury apartments near Dos Lagos, public transportation, easy highway access to I-15, and Dos Lagos Country Club. These retail clusters draw thousands of patrons each day that would need to drive past the site. Another advantage is the site’s proximity to I-15, which draws 170,000 vehicles each day. Zoning for this property is Retail – General allowing for a broad range of indoor oriented retail sales and service, and office uses as either stand-alone businesses or as part of commercial centers or office developments. Corona is currently experiencing a post-covid economic retail boom. This site’s relative location to I-15, attractive amenities at the Crossings, and Dos Lagos Country Club make it an ideal and natural acquisition for any developer. Purchase price based on internal proforma analysis and market based assumptions. Pro forma available upon request. All buyers to conduct independent due diligence.

Details

MLS#: DW24076476
Price: $849,000

Sq Ft: 2040.00
Year Built: 1950

County: Riverside