2957 Hamner AveNorco, CA 92860

  • Retail properties
  • 881 SF
For Sale
$475,000 View listing

Property Details for 2957 Hamner Ave

Year built
1945
Construction
WOOD
Lot size
0.24 AC
Property size (Sq ft)
881 SF
Zone code
C2
Property type
Retail properties
Property subtype
Auto shops
APN
127-050-030
APU
127050030

Description

This exceptional commercial property, located at 2957 Hamner Avenue in Norco, California, presents a fantastic investment opportunity. The building boasts 881 square feet of usable space, ideal for a variety of businesses. A key feature is its prominent frontage on Hamner Avenue, ensuring high visibility and accessibility for customers. The property includes convenient on-site parking, a significant advantage in a busy commercial area. Inside, the space features a private bathroom, adding to its functionality and appeal. The lot size is 0.24 acres, providing ample space for potential expansion or outdoor use. It's important to note that this is a probate listing and is subject to court approval. This presents a unique chance to acquire a well-situated commercial property in a thriving Norco location at a competitive price of $475,000. The property's prime location and practical features make it an attractive prospect for entrepreneurs and investors alike. Serious inquiries are encouraged to explore this promising opportunity further.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $355,938
    6.5%
    $328,558
    7%
    $305,089
  • Comparable approach

    Method
    Valuation
    Relative Method
    $389,459
    Geo Method
    $781,416
  • Alternative Use

    Use
    Valuation
    Residential
    $277,151
    Hospitality
    $253,869
    Educational
    $211,216
    Medical
    $218,480
    Retail
    $328,558
2957 Hamner Ave, Norco, California

Location Insight

City
Norco
County
Riverside
State
California
Latitude
33.925
Longitude
-117.558
CBSA code
40140
CBSA name
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$462
$24,853
$12,257
$37,110
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-
-
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FAQs

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