$3,100,000

The subject property is a prime ±2.7 acre development site located at 1508 Taber Street in the city of Corona. Currently operating as the Sunshine Growers Nursery this tenant is prepared to vacate the premises upon or shortly following a successful close of escrow. Composed of two adjacent parcels of land this site benefits from truly outstanding visibility along a very busy stretch of the I-15 freeway. Zoning for this property is C-2 Restricted Commercial and the General Plan Land Use designation is CG General Commercial. General Commercial allows for a FAR of 0.5, setbacks are generally 10' and the height limitations are 3 stories with a maximum of 40'. Immediate neighbors include the Canyon Community Church of the Nazarene to the west, the Church of Latter-Day Saints to the southeast, and the 135-unit Estancia del Sol senior living community to the southwest. This site is bordered to the north by a larger retail center with tenants that include Dennys, In-n-Out Burger, LA Fitness, Walmart, Albertsons, CVS, Home Depot and Sams Club. One of the primary benefits of this location is the excellent exposure provided along the I-15 freeway that has a daily car count of approximately 165,000 vehicles. The frontage of this site along Taber Street is approximately 422' and the site is directly across Taber Street from the southbound I-15 on-ramp at Ontario Avenue. Sites with great freeway visibility in largely built-out south Corona are very desirable assets and this site should be of great interest to any local developer.