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13659 Magnolia Ave 3,600 SF 100% Leased Retail Building Corona, CA 92879 $799,999 ($222.22/SF) 5.25% Cap Rate
Executive Summary
Versatile 3,600 sq. ft. Corona commercial building with 3 suites, warehouse, and multiple entrances. Prime high-traffic location near 91 Fwy/McKinley—ideal for auto repair, retail, office, showroom, warehouse, or multi-tenant use. The building has three entrances (two currently closed), with the front section divisible into three suites—each with its own restroom—and a spacious warehouse area at the rear. Conveniently located near McKinley and just south of the 91 Freeway, the site enjoys strong visibility, high traffic exposure, and a shared driveway easement with the adjacent parcel with a garage in the back.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built
1978
Price
$799,999
Price Per SF
$222.22
Cap Rate
5.25%
NOI
$42,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
C1CP - commercial
Parking
6 Spaces (1.67 Spaces per 1,000 SF Leased)
Frontage
84’ on Magnolia Ave
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 115-261-017 | Improvements Assessment | $422,360 |
| Land Assessment | $137,957 | Total Assessment | $560,317 |
Property Taxes
Parcel Number
115-261-017
Land Assessment
$137,957
Improvements Assessment
$422,360
Total Assessment
$560,317
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