508 W Grand Blvd, Corona, CA 92882
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508 W Grand Blvd Corona, CA 92882

$995,000
  • -- Beds
  • -- Baths
  • 4,008 Sq.Ft.
For Sale
$995,000 Get Pre-Qualified

Map preview of 508 W Grand Blvd, Corona, CA 92882

Property Overview: 508 W Grand Blvd Corona, CA has -- bedrooms, -- bathrooms, 4,008 living square feet and 10,019 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Tom Tennant | BRE #01273093 | Reliance Real Estate Services
Co-listed by Charlene Ryan | BRE #02062333 | Reliance Real Estate Services
Last checked: 15 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
10,019
HOA Dues
$0/mo
Year built
1968
Garage
--
Property Type:
Retail
Status
Active
MLS#
IG24110436
City
Corona
County
Riverside
Time on Site
104 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Leased Units: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $1,600
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $2,100
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: --
  • # of Baths: --
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 508 W Grand Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air, Wall/Window Unit(s)
Heating Information
  • No Heating
  • None
Laundry Information
  • See Remarks
Exterior Features
Exterior Information
  • Roof: Flat
  • Has Fence
  • Block
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Lot 10000-19999 Sqft, Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 117340021
  • Year Built Source: Appraiser
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Directions: 6th and Grand Blvd - Frontage on GRAND
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Sale History for 508 W Grand Blvd

Last sold on May 31st, 2004
  • June, 2024

  • Jun 6, 2024

    Date

    Active

    CRMLS: IG24110436

    $995,000

    Price

  • May, 2004

  • May 31, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 508 W Grand Blvd

Assessed Value (2020): $155,434
Year Land Value Improved Value Assessed Value
2020 $45,199 $110,235 $155,434

Home Value Compared to the Market

This property vs the competition

508 W Grand Blvd is listed 27.73% higher than the median list price for the city of Corona which has a median list price of $778,990. The median price per/sqft for Corona is $397 and this home is listed at $248.25 per/sqft which puts the price per square foot 37.47% lower than the median price per square foot for the city of Corona.

About 508 W Grand Blvd

Detailed summary of property

508 W Grand Blvd is a retail located in Corona, CA 92882 and is currently for sale. This retail property offers -- bedrooms, -- bathrooms, roughly 4,008 living square feet, and sits on an approximately 10,019 square foot lot. 508 W Grand Blvd was first listed on ArdentRealEstateGroup.com on June 6, 2024. The homeowner is currently asking $995,000. The median priced home in Corona is $778,990 with a median price per square foot of $397. Based on Ardent Real Estate Group's Corona Market Data, this home is listed 27.73% higher than the median priced home. Local competing homes currently for sale include 12814 Whittier Blvd., 2941 E Artesia Blvd and 6819 Cherry Ave. While the average home in Corona, CA is selling in 61 days, 508 W Grand Blvd has a days on market of 70 days. There are currently 537 homes for sale in the Corona real estate market and 454 of them are single family homes while 79 of them are condos and 4 are townhomes. For more information on this home for sale at 508 W Grand Blvd Corona, CA 92882 contact Ardent Real Estate Group and we will put you in touch with one of our Corona agents.

Public Facts for 508 W Grand Blvd

Public county record property details
Beds
--
Baths
--
Year built
1968
Sq. Ft.
--
Lot Size
10,018
Stories
1
Type
Commercial (General)
Pool
No
Spa
No
County
Riverside
Lot#
2,3
APN
117-340-021

The source for these homes facts are from public records.

92882 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$794,000
Median List Price/Sq.Ft.
$428
Median Sold Price
$761,000
Median Sold Price/Sq.Ft.
$424
Total Inventory
118
Median Sale to List Price %
101.47%
Avg Days on Market
28
Loan Type
Conventional (56.82%), FHA (11.36%), VA (2.27%), Cash (18.18%), Other (11.36%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.