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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 995,000

Est. payment -/mo

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Active

508 W Grand BLVD Corona, CA 92882

4,008 SqFt

UPDATED:

09/30/2024 06:06 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,008 sqft

Price per Sqft $248

MLS Listing ID IG24110436

HOA Y/N No

Year Built 1968

Lot Size 10,018 Sqft

Property Description

For the First Time in it's History This *Single Story*, Two Unit, Retail Store built in 1968 is Being Offered for Sale. With no Prior Ownership History to limit your imagination, the possibilities for this Rare Investment Opportunity are Boundless. This multiple Suite Property Located at 510 & 508 West Grand Blvd., in Corona CA is Situated on the Iconic Circular Street Known as West Grand Blvd and is Zoned as Community Service (CS). The Building was once Operated by it's One and Only Owners as a Popular Beloved Liquor Store known as 'Mike's Liquor'. The First Suite at 510 W. Grand Blvd., which is the Larger Suite of the two, Offers a Total of 2,480 Sq. Ft., Six Rooms, Two Bathrooms, Central Air, a hanging Gas-Fired Space Heater, and Provides Three Individual Exterior Entrances; Front, Side, and Back. The Two Suites are Adjoined by a Common Wall, as well as, a Covered Front-Porch that is Approximately 357 Sq. Ft. The Second Suite at 508 W. Grand Blvd., Offers a Total of 1,600 Sq. Ft. with One Additional Room, One Bathroom, an AC Wall Unit, a hanging Gas-Fired Space Heater, and Provides Two Individual Exterior Entrances; Front & Back. The Lot Size is Situated on a total of 10,019 Sq. Ft. (0.23 Acres) that Offers a Front Parking Lot with 3 Spaces in Additional to a Rear Open Parking Lot. The Building is Designed as a Brick Building on a Concrete Foundation, with a Flat/Pitch Roof and has all of the Necessary Public Utilities on Site - both independently structured to each Unit. The Front of the Property has approximately 67 Feet of Street Frontage Facing West Grand Blvd. The Pod Storage Units are not a Part of the Sale but may be Acquired Additionally. The Adjacent Single-Story Home is also Coming Soon for Sale by the Same Owners - These two Properties Share more than just a Street Address & Location being Neighbors - They are both Rich in the Heritage of the Iconic Circular Street known as Grand Blvd., in Corona CA. The City Council of Corona has recently set forth a new Comprehensive plan to Transform the Corona Downtown area. According to The Corona City Council, There are a total of 9 scheduled improvements planned starting this Summer. The first improvement Project #1 Streetscape Enhancements on Grand Blvd & 6th Street have already begun.

Location

State CA

County Riverside

Area 248 - Corona

Zoning C2

Rooms

Ensuite Laundry See Remarks

Interior

Laundry Location See Remarks

Heating None

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Laundry See Remarks

Exterior

Fence Block

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Flat

Present Use See Remarks

Building

Lot Description Level

Story 1

Water Public

Others

Tax ID 117340021

Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tom Tennant • Reliance Real Estate Services • 714-904-9830

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

508 W Grand BLVD Corona, CA 92882

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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508 W Grand BLVD