3848 Mckinley StCorona, CA 92879

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $982,126

  6.5%

  $906,577

  7%

  $841,822

• Comparable approach

  Method

  Valuation

  Relative Method

  $590,009

  Geo Method

  $1,183,800

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,729,160

  Mixed-Use / Specialty

  $919,006

  Hospitality / Lodging

  $694,634

  Office

  $929,857

  Institutional / Educational

  $960,992

  Residential Income

  $1,124,360

  Multifamily

  $1,261,680

  Automotive / Energy

  $823,708

  Parking / Income-Based Land

  $268,780

  Restaurant / Food Service

  $511,404

  Healthcare / Senior Housing

  $926,364

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

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