480 Solano StCorning, CA 96021

Property Details for 480 Solano St

Lot size

0.75 AC

Zone code

C-1

Property type

Medical offices

Property subtype

Medical space

APN

073-010-016-000

APU

73010016000

Description

This exceptional 3,000 square foot office building, situated on a 0.75-acre lot at 480 Solano Street in Corning, CA, presents a unique investment opportunity. The property boasts a highly desirable location and has a proven track record, having successfully served as both an attorney's office and a dental practice for an extended period. The building offers expansive views from all windows, providing a bright and pleasant work environment. Ample off-street parking is available, ensuring convenient access for clients and staff. The meticulously landscaped grounds enhance the property's curb appeal and create a welcoming atmosphere. This versatile commercial space is ideal for a variety of professional uses, offering a blend of functionality and aesthetic appeal. The property's history of successful occupancy speaks to its inherent value and potential for continued success. Its prime location in Corning, combined with its attractive features, makes this an exceptional opportunity for discerning buyers seeking a well-established and visually appealing commercial property. The 0.75-acre lot provides ample space for expansion or future development, adding to the property's long-term potential. The asking price of $499,000 reflects the property's significant value and market position. This is a rare opportunity to acquire a well-maintained, established commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,672,900

  6.5%

  $6,159,600

  7%

  $5,719,630

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,664,620

  Geo Method

  $4,664,620

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,874,700

  Retail / Commercial

  $6,455,680

  Mixed-Use / Specialty

  $6,317,290

  Hospitality / Lodging

  $4,484,600

  Institutional / Educational

  $6,526,210

  Residential Income

  $7,635,660

  Multifamily

  $9,797,370

  Automotive / Energy

  $5,593,890

  Parking / Income-Based Land

  $2,044,360

  Restaurant / Food Service

  $3,039,460

  Healthcare / Senior Housing

  $6,596,570

Location Insight

City

Corning

County

Tehama

State

California

Latitude

39.9284

Longitude

-122.171

CBSA code

39780

CBSA name

RED BLUFF, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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