2126 Hamner AveNorco, CA 92860

Property Details for 2126 Hamner Ave

Year built

1991

Construction

TILT-UP CONCRETE

Lot size

3.00 AC

Property size (Sq ft)

4,694 SF

Zone code

M1

Property type

Retail properties

Property subtype

Retail space

APN

126-120-039

APU

126120039

Description

This exceptional opportunity presents the chance to acquire an established express car wash in Norco, California. The property boasts a substantial building exceeding 7,000 square feet, featuring two wash tunnels. One tunnel is currently operational as an express car wash, while the second tunnel offers versatile potential for expansion. This could include an express auto detailing service, a hand car wash, or any other complementary automotive-related business. The substantial building size allows for additional service offerings, revenue generation opportunities, or leasing out portions of the space to businesses such as window tinting services. A portion of the building is currently leased by the seller, with additional rentable space available. This strategically located car wash sits on a main street, surrounded by major auto dealerships, a community college, and the Naval Surface Warfare Center, ensuring high visibility and consistent traffic. The property benefits from its proximity to the intersection of the 15 and 91 freeways, providing easy access for customers. Seller financing is available, allowing for potential savings on loan fees and interest rates. Escrow can close within 30 days. This presents a rare opportunity to own a thriving business in a desirable location with significant growth potential. The area is characterized by a blend of rural and modern living, with homes ranging from 3,000 to 5,600 square feet located near a golf course. Norco's reputation as "Horsetown U.S.A." adds to its unique appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,896,448

  6.5%

  $1,750,568

  7%

  $1,625,527

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,075,052

  Geo Method

  $4,163,411

• Alternative Use

  Use

  Valuation

  Residential

  $1,476,670

  Hospitality

  $1,352,621

  Educational

  $1,125,365

  Medical

  $1,164,068

  Retail

  $1,750,568

Location Insight

City

Norco

County

Riverside

State

California

Latitude

33.9127

Longitude

-117.561

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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