2259 Hamner AveNorco, CA 92860

Property Details for 2259 Hamner Ave

Lot size

1.26 AC

Zone code

M1

Property type

Retail properties

Property subtype

Retail space

APN

125-020-011

APU

125020011

Description

This exceptional commercial property located at 2259 Hamner Avenue in Norco, California, presents a unique investment opportunity. The property consists of a 1,400 square foot retail building situated on a generous 1.29-acre lot. Currently vacant, this single-tenant space offers significant potential for a variety of retail businesses. The building's 1,400 square feet provides ample room for a diverse range of operations. The expansive 1.29-acre lot offers significant flexibility and potential for future expansion or development. The property is conveniently located in Norco, Riverside County, California, with easy access to major transportation routes, ensuring high visibility and accessibility for customers. The property's zoning and permitted uses should be verified independently. This is an ideal opportunity for an entrepreneur seeking a prominent location to establish a new business or for an existing business looking to expand its operations. The property is available for lease and offers a blank canvas for a prospective tenant to create a thriving retail space. The address is 2259 Hamner Ave, Norco, CA 92860. Interested parties are encouraged to conduct their own due diligence to confirm all aspects of the property.

• CAP approach

  CAP return

  Valuation

  6%

  $22,174,388

  6.5%

  $20,468,666

  7%

  $19,006,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,262,722

  Geo Method

  $48,681,040

• Alternative Use

  Use

  Valuation

  Residential

  $17,266,086

  Hospitality

  $15,815,641

  Educational

  $13,158,428

  Medical

  $13,610,966

  Retail

  $20,468,666

Location Insight

City

Norco

County

Riverside

State

California

Latitude

33.9145

Longitude

-117.559

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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