371 Lincoln AveCorona, CA 92882

Property Details for 371 Lincoln Ave

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

0.52 AC

Property size (Sq ft)

23,120 SF

Zone code

R106

Property type

Retail space

APN

118-270-041

APU

118270041

Description

Invest in this thriving Corona, CA retail center, ideally situated at 371 S Lincoln Ave (Lincoln Ave & W 2nd St), in the Inland Empire submarket. This multi-tenant property, identified by APN 118-270-035, 036, 038, 039, 041, offers a total of 99,741 square feet of retail space. Currently, there are several spaces available, ranging from a minimum of 1,050 square feet to a maximum contiguous space of 1,803 square feet. A total of 5,553 square feet is currently vacant, presenting a unique opportunity for expansion or new tenancy. The property's location in Riverside County, with its convenient access and high visibility, makes it an attractive investment. The property is classified as both a Strip Center and a Neighborhood Center, catering to a diverse range of businesses and customer demographics. This is a chance to secure a foothold in a bustling retail environment within a well-established center. The property's address is 371 S Lincoln Ave, Corona, CA 92882. Detailed information on available spaces and lease terms can be provided upon request. Don't miss this opportunity to acquire prime retail space in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,340,837

  6.5%

  $8,622,311

  7%

  $8,006,432

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,220,536

  Geo Method

  $20,506,616

• Alternative Use

  Use

  Valuation

  Residential

  $7,273,242

  Hospitality

  $6,662,250

  Educational

  $5,542,914

  Medical

  $5,733,544

  Retail

  $8,622,311

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8792

Longitude

-117.582

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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