416 W 6th St - Car Washes FOR SALE


Corona, CA 92882- Downtown Corona
$3,580,000 USD
909-529-8888
416 W 6th St, Corona, CA for Sale
$3,580,000 USD
Car Washes - FOR SALE
1/13
null | 4.11% Cap Rate

416 W 6th St
Corona, CA 92882
Downtown Corona


OVERVIEW

Located in the heart of Corona, California, 416 W 6th St is a high-yield commercial property with 100% occupancy and a monthly rental income of $18,000. This prime investment opportunity offers a strategic location, stable tenants, and strong growth potential. • Property Type: Commercial (Car Wash + Restaurant + Auto Services) • Building Size: 11,726 sq. ft. • Lot Size: 31,172 sq. ft. (0.716 acres) • Year Built: 1980 (Recently Upgraded Roof) • Current Tenants: • Car Wash (Primary Tenant) • Restaurant • Auto Tinting Service • Oil Change & Repair Shop • Total Monthly Rental Income: $16,000 • Investment Highlights: Fully leased, stable tenants, low maintenance costs Investment Highlights Strong Rental Income & Low Maintenance • 100% occupied with long-term, reliable tenants providing stable rental cash flow. • Recently upgraded roof, reducing future maintenance expenses. Prime Location in Corona • Strategically located in downtown Corona, a high-traffic commercial district. • Adjacent to Corona City Hall, making it an ideal business hub. • Corner property with high visibility and easy street access. Thriving Commercial Surroundings • High foot and vehicle traffic, ensuring a steady customer base for tenants. • Minutes from shopping centers, banks, and supermarkets. • Great for long-term investment, benefiting from the city’s economic growth. Future Growth Potential • Corona City’s ongoing commercial and infrastructure development is expected to drive property value and rental growth. • Close to major highways (91 & 15 Freeways), making it a strategic location for businesses and logistics. • Increasing demand for commercial space, ensuring long-term appreciation. Surrounding Area & Transportation • Located on a major street (6th Street) with high daily traffic volume. • Quick freeway access: Only 3 minutes from the 91 Freeway (Riverside Fwy), connecting to Los Angeles and Orange County. • Convenient public transit options within walking distance, ideal for business owners and employees. This property is an excellent long-term investment, providing consistent cash flow and future appreciation potential, making it ideal for: • Investors seeking high rental yield and potential property appreciation. • Business Owners looking for self-use space with rental income. • 1031 Exchange Investors searching for a stable and profitable commercial asset.

FOR SALE DETAILS

PRICE

$3,580,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

4.11%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,172 SF

ZONING

C3, Corona

APN/PARCEL ID

117-173-001,117-173-013

ASK ABOUT THIS PROPERTY

Qingde(Jacky) LiuMaryland RealtyMore Info
909-529-8888

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Qingde(Jacky) LiuMaryland RealtyMore Info
909-529-8888

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.