1508 Taber Street, Corona, CA for sale

Investment Overview

Rare opportunity to acquire approximately 2.71 acres of infill land within the City of Corona, one of Southern California's fastest-growing commercial/residential markets. The Property's C-2 (Restricted Commercial) zoning designation permits residential development subject to compliance with applicable municipal standards and Assembly Bill 2011. The City's General Plan designates the site as General Commercial (GC), which provides for residential densities ranging from 36 to 60 dwelling units per acre suggesting the potential development capacity of approximately 98 to 163 residential units, subject to site planning, affordability requirements, parking, labor standards, environmental review, and City approval of all required development plans.

Investment Highlights

• 15 Freeway Frontage
• 170,000 Traffic Counts (15) South
• Residential Potential Through AB2011
• Current Zoning C-2 Restricted Commercial
• Adjacent to 135 Unit Senior Living Facility
• Direct Neighbors to LDS Church & Church of the Nazarene
• Major Retailers Include Home Depot, Walmart and Sam's Club nearby