760 Washburn AveCorona, CA 92882

Property Details for 760 Washburn Ave

Year built

1970

Construction

TILT-UP CONCRETE

Lot size

0.51 AC

Property size (Sq ft)

40,988 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

117-185-028

APU

117185028

Description

The Corona Medical Art Building, a multi-tenant medical office property located at 760 S Washburn Ave, Corona, CA 92882, offers exceptional opportunities for medical professionals. This 45,068 square foot building is situated in a highly desirable location, boasting convenient access to major transportation arteries. The 91 Freeway is just 0.5 miles away, and Interstate 15 is a short 2-mile drive, ensuring easy commutes for patients and staff. Its strategic placement directly adjacent to Corona Regional Medical Center provides significant synergy and visibility within the medical community. The building is zoned C2 and falls within Riverside County. Currently, there are multiple spaces available, ranging in size from 1,142 square feet to a maximum contiguous space of 20,522 square feet, catering to a variety of practice needs. The building's location on Main Street, one of Corona's busiest thoroughfares, guarantees high traffic volume and excellent exposure. This prime medical office space presents a unique investment opportunity in a thriving and rapidly growing area of Southern California's Inland Empire. The property's proximity to major freeways and a leading medical center makes it an ideal location for establishing or expanding a medical practice. Serious inquiries are encouraged to explore the available spaces and their potential.

• CAP approach

  CAP return

  Valuation

  6%

  $11,265,160

  6.5%

  $10,398,609

  7%

  $9,655,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,190,218

  Geo Method

  $14,426,546

• Alternative Use

  Use

  Valuation

  Residential

  $12,894,275

  Hospitality

  $11,811,087

  Educational

  $9,826,686

  Medical

  $10,164,640

  Retail

  $15,285,956

Location Insight

City

Corona

County

Riverside

State

California

Latitude

33.8738

Longitude

-117.569

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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