2347 California AveCorona, CA 92881
- Retail properties
- 4,350 SF
Property Details for 2347 California Ave
- Year built
- 2004
- Construction
- WOOD
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 4,350 SF
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 120-510-015
- APU
- 120510015
Description
This exceptional business opportunity presents a thriving crawfish and hotpot restaurant located at 2347 California Avenue, Unit 102-103, in Corona, California. The restaurant boasts a clean and attractive interior, perfectly suited for continued success. The kitchen is well-equipped and features two separate walk-in freezers and coolers, ensuring efficient food storage and preparation. A significant advantage is the inclusion of a beer and wine license, adding another revenue stream and enhancing the customer experience. Situated within a bustling plaza, the restaurant benefits from ample parking, making it easily accessible for patrons. The strategic location is surrounded by a mix of businesses, schools, and residential areas, guaranteeing a diverse and consistent customer base. Its proximity to the 15 Freeway provides convenient access for a wider customer reach. This turnkey operation offers a fantastic chance to acquire an established and profitable restaurant in a high-demand area. The sale price is $100,000. Serious inquiries only. The property is offered as a business opportunity and does not include the land.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,757,467
- 6.5%
- $1,622,277
- 7%
- $1,506,400
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,922,982
- Geo Method
- $3,858,295
-
Alternative Use
- Use
- Valuation
- Residential
- $1,368,452
- Hospitality
- $1,253,494
- Educational
- $1,042,893
- Medical
- $1,078,759
- Retail
- $1,622,277
Location Insight
- City
- Corona
- County
- Riverside
- State
- California
- Latitude
- 33.8437
- Longitude
- -117.538
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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