About This Restaurant
Investment Highlights
Retail site totaling 1.35 acres in Norco Excellent owner user opportunity Variety of retail uses allowed per city of Norco
Executive Summary
RETAIL REAL ESTATE: Prime Retail Site (58,806 sf/1.35 acres) in Norco including 4,092sf BuildingAsking price for the land is $27.19 PSFRRC# 4718Location: 2857 Hamner Avenue, Norco, CADescription:BE YOUR OWN LANDLORD! Rare opportunity to own prime retail real estate (land and building) rather than leasing and being a tenant. This retail/restaurant site is 58,806 square feet (approximately 1.35 acres) directly on a busy retail corridor with good ingress and egress. The building currently has a restaurant operation but can be enlarged and/or include a new retail concept.The area demographics are better than average for Riverside County with strong economic growth in this highly desirable community. The pricing for this opportunity is based on the real estate land market sale comparables.
Property Details
- Sale Type Investment or Owner User
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Bank General Retail Freestanding General Retail Storefront Retail/Office Restaurant
- Building Size 4,092
- Building Class C
- Year Built 1945
- Price 1,599,000
- Price Per SF 391
- Percent Leased 2
- Tenancy Multiple
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 1.35 AC
Amenities
- 24 Hour Access
- Conferencing Facility
- Fenced Lot
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Kiosk/Cart Space
- Drive Thru
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 127-180-037 | Improvements Assessment | $310,937 |
| Land Assessment | $546,822 | Total Assessment | $857,759 |
| Date Created: | 2024-07-16 04:09:24 | Last Updated: | 2024-07-16 04:09:24 |
| Address: | 2857 Hamner Ave , Norco, California, 92860 | ||