2347 California AveCorona, CA 92881

  • Retail properties
  • 4,350 SF
For Sale
$100,000 View listing

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
2347 California Ave, Corona, California

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

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
$14,492
$214,439
$1,056,118
$1,270,557
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