2347 California AveCorona, CA 92881

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,321,040

  6.5%

  $1,219,420

  7%

  $1,132,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $793,611

  Geo Method

  $1,592,310

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,325,860

  Mixed-Use / Specialty

  $1,236,140

  Hospitality / Lodging

  $934,341

  Office

  $1,250,740

  Institutional / Educational

  $1,292,620

  Residential Income

  $1,512,360

  Multifamily

  $1,697,070

  Automotive / Energy

  $1,107,960

  Parking / Income-Based Land

  $361,531

  Restaurant / Food Service

  $687,881

  Healthcare / Senior Housing

  $1,246,040

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

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