511 N Main St | Corona, CA 92880
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- LoopNet Team
511 N Main St
Corona, CA 92880
Leasehold Investment - Shops at Main St. · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Leasehold Investment | Value Add Multi-Tenant Retail Center – 85% Occupied
- Leasehold Investment (Improvements Only) – Attractive Financing Options Available (Inquire for Details)
- High Yield Income Opportunity – As-Is Cap Rate: 8% | Stabilized Cap Rate: 13.72% (Year 2)
- Over $600,000 of Renovations Completed in 2019 & 2020: Roof & HVACs Replacement, Façade Renovation, Parking Lot Repairs, Monument Signage, Landscaping
- Fully Depreciable Asset – Potential to Depreciate 100% of Asset Purchase Price
- Strong Leasing Momentum - Over 8,000 SF in New Leases Signed Since 2020
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
16,744 SF
Building Class
C
Year Built/Renovated
1990/2020
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
3.18 AC
Zoning
CR
Parking
20 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 119-280-047 | Improvements Assessment | $7,074,720 |
| Land Assessment | $2,809,080 | Total Assessment | $9,883,800 |
PROPERTY TAXES
Parcel Number
119-280-047
Land Assessment
$2,809,080
Improvements Assessment
$7,074,720
Total Assessment
$9,883,800
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