531 Queensland CirCorona, CA 92879

Property Details for 531 Queensland Cir

Year built

2006

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

3,648 SF

Zone code

M4

Property type

Office properties

Property subtype

Office buildings

APN

119-301-007

APU

119301007

Description

This exceptional 3,648-square-foot single-story office condo presents a unique investment opportunity in Corona, CA. Ideally situated near the intersection of the 91 and 15 freeways, this property boasts unparalleled accessibility and convenience. Built in 2007 and extensively renovated between 2022 and 2023, the space features a highly functional interior buildout, ready for immediate occupancy. The asking price is $1,565,000, translating to a competitive price per square foot of $429. The property sits on a 0.09-acre lot, providing ample space for parking and potential future expansion. Its "jewel box" design offers an efficient and well-appointed layout. The location is further enhanced by the proximity to numerous restaurants and other amenities, catering to both employees and clients. This owner-user offering represents a rare chance to acquire a meticulously maintained and strategically located commercial property in a thriving Southern California market. The recent renovations ensure modern functionality and aesthetics, minimizing the need for immediate capital improvements. This turnkey solution is perfect for businesses seeking a high-quality, well-positioned office space. Don't miss this opportunity to secure a prime commercial asset in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,002,618

  6.5%

  $925,494

  7%

  $859,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $639,941

  Geo Method

  $1,283,986

• Alternative Use

  Use

  Valuation

  Residential

  $1,147,612

  Hospitality

  $1,051,206

  Educational

  $874,591

  Medical

  $904,670

  Retail

  $1,360,475

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8833

Longitude

-117.559

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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