900 Main StCorona, CA 92882

Property Details for 900 Main St

Year built

1979

Construction

TILT-UP CONCRETE

Lot size

0.97 AC

Property size (Sq ft)

25,720 SF

Zone code

C2

Property type

Healthcare properties

Property subtype

Medical offices

APN

117-225-012

APU

117225012

Description

This exceptional three-story Class B medical office building, totaling 45,229 square feet, presents a unique investment opportunity in Corona, CA. Located at 900 S Main St, 92882, this multi-tenant property offers immediate access to three available spaces ranging from 968 to 14,749 square feet, perfect for a variety of medical practices. The building features convenient amenities including elevators, and is situated in a high-traffic area along one of Corona's major thoroughfares. Its strategic location offers easy access to both the 91 Freeway (0.5 miles) and Interstate 15 (2 miles), ensuring convenient commutes for patients and staff. The property benefits from its proximity to Corona Regional Medical Center, creating a synergistic environment within the established medical community. Zoned C2, this building provides a solid foundation for growth and success in a thriving market. The building's size and layout offer flexibility for various medical specialties, making it an ideal choice for expansion or relocation. This prime location in Riverside County, within the Inland Empire, provides excellent visibility and accessibility, attracting a wide range of patients and professionals. The building's strong infrastructure and convenient access points make it a highly desirable property for medical professionals seeking a well-established and easily accessible location. This is an exceptional opportunity to acquire a well-positioned medical office building in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,068,896

  6.5%

  $6,525,135

  7%

  $6,059,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,511,866

  Geo Method

  $9,052,668

• Alternative Use

  Use

  Valuation

  Residential

  $8,091,167

  Hospitality

  $7,411,466

  Educational

  $6,166,252

  Medical

  $6,378,320

  Retail

  $9,591,948

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.872

Longitude

-117.567

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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