3848 Mckinley StCorona, CA 92879
- Retail properties
- 3,234 SF
Property Details for 3848 Mckinley St
- Year built
- 1990
- Construction
- WOOD
- Lot size
- 2.26 AC
- Property size (Sq ft)
- 3,234 SF
- Zone code
- R106
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- 115-300-050
- APU
- 115300050
Description
This exceptional retail opportunity is located within the McKinley International Plaza in Corona, California, at 3848 N McKinley St, 92879. The plaza offers two available spaces, ranging from 1,080 to 2,100 square feet, ideal for a variety of retail uses. Situated at the signalized intersection of Magnolia Ave and McKinley St, the property boasts excellent visibility with exposure to 59,738 cars daily. Strong co-tenancy includes ARCO, Popeyes, and Metro PCS, further enhancing visibility and foot traffic. Two pylon signs at plaza entrances provide additional advertising opportunities. The plaza's prime location is just minutes from the 91 Freeway, near a thriving retail corridor anchored by national retailers such as Costco, Walmart, Home Depot, TJ Maxx, and Ross. The property benefits from a dense trade area, with a daytime population of 47,002 and an overall population of 99,569 within a 3-mile radius, boasting an average household income exceeding $125,500. The total building size is 19,773 square feet, and the property is located in Riverside County. This is a rare opportunity to establish a business in a high-demand, high-visibility location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,306,586
- 6.5%
- $1,206,079
- 7%
- $1,119,931
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,429,637
- Geo Method
- $2,868,443
-
Alternative Use
- Use
- Valuation
- Residential
- $1,017,373
- Hospitality
- $931,908
- Educational
- $775,337
- Medical
- $802,002
- Retail
- $1,206,079
Location Insight
- City
- Corona
- County
- Riverside
- State
- California
- Latitude
- 33.8822
- Longitude
- -117.515
- 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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