Corona, CA 92881,19620 Temescal Canyon RD
Corona, CA 92881,19620 Temescal Canyon RD
Corona, CA 92881,19620 Temescal Canyon RD
Corona, CA 92881,19620 Temescal Canyon RD
Corona, CA 92881,19620 Temescal Canyon RD
Corona, CA 92881,19620 Temescal Canyon RD
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$800,000

$849,000

5.8%
Est.Price: ?

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Est. payment /mo

9,583 Sqft Lot


SOLD DATE : 07/30/2024

Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID DW24076476

Sold Date 07/30/24

HOA Y/N No

Year Built 1950

Lot Size 9,583 Sqft

Property Description

Priced to sell .75 acre development site at 19620 Temescal Canyon Road in the City of Corona. The offering is composed of two adjacent parcels of land along the busy thoroughfare of Temescal Canyon Road. Site is bordered by Olive Branch Christian Academy, El Cerrito Middle School, and El Cerrito Library. Currently, there are two standalone structures needing moderate TLC that may be operated as a owner / user /residence; however, tearing down the improvements for a new commercial retail operation is the highest and best use of the subject property. The site is a stone’s throw away from a vibrant mix of high-end retail at the Crossings at Corona such as Trader Joes, new luxury apartments near Dos Lagos, public transportation, easy highway access to I-15, and Dos Lagos Country Club. These retail clusters draw thousands of patrons each day that would need to drive past the site. Another advantage is the site’s proximity to I-15, which draws 170,000 vehicles each day. Zoning for this property is Retail – General allowing for a broad range of indoor oriented retail sales and service, and office uses as either stand-alone businesses or as part of commercial centers or office developments. Corona is currently experiencing a post-covid economic retail boom. This site’s relative location to I-15, attractive amenities at the Crossings, and Dos Lagos Country Club make it an ideal and natural acquisition for any developer. Purchase price based on internal proforma analysis and market based assumptions. Pro forma available upon request. All buyers to conduct independent due diligence.

Location

State CA

County Riverside

Area 699 - Not Defined

Interior

Heating None

Fireplace No

Laundry See Remarks

Building

Lot Description Yard

Story 1

Water See Remarks

Others

Tax ID 277122011

Financing Seller Financing

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin Messiha • Keller Williams - Downtown LA • 213-400-0002
Bought with Carrie Asher • The Herrera Group
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