3848 Mckinley StCorona, CA 92879

  • Retail properties
  • 3,234 SF
For Lease
$21.60/SF/YR View listing

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
3848 Mckinley St, Corona, California

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

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
$77,198
$1,990,000
$4,910,000
$6,900,000
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