128 W Grand Blvd. Corona, CA Gateway Business Lot
Industrial | 2,958 SqFt
Marketing description
128 West Grand Boulevard, Corona, CA 92882
Property Summary
Lot Size: 2,958 SF
Zoning: Gateway Business (GB) – Downtown Revitalization
Specific Plan Condition: Infill lot; previous residential site with utilities proximate/on-site.
Location: South side of West Grand Boulevard; immediate 91 Freeway access.
Zoning & Permitted Uses: Zoned Gateway Business (GB) to serve local residents and regional travelers.
Permitted uses include:
Dining: Coffee shop, bakery, cafe.
Professional Services: Bank, travel agent, insurance, real estate.
Personal Services: Barber, beauty salon, nail studio, tailor.
Retail: Garden shop, boutique retail, coffee shop.
Medical: Dental or professional office.
Development Features
Utility Ready: Previous development means sewer, water, and electric are at or near the property line.
Access: High-visibility frontage on West Grand Boulevard with existing curb-cut potential.
Neighborhood: Established, fully built-out residential and commercial area.
Revitalization: Located within the City of Corona’s Downtown Revitalization zone, benefitting from streamlined standards and city-led infrastructure upgrades. Strategic Location Situated on the historic "Circle City" grid. The site acts as a gateway to the Downtown Core, capturing traffic from the 91 Freeway and local commuters.
Contact for details regarding the Downtown Revitalization Specific Plan and Corona Municipal Code standards.
Investment highlights
Price: $290,000 | Size: 2,958 SF | Zoning: Gateway Business (GB)
Opportunity Zone
1. Shovel-Ready Infill Opportunity
Minimize your pre-construction timeline and holding costs. This site is a rare "plug-and-play" infill lot, previously developed with a residence. All critical utilities—water, sewer, and electric—are already proximate or at the property line. With an existing curb-cut already in place, the site is primed for immediate development.
2. Strategic "Gateway" Location
Positioned as a cornerstone site within the Downtown Revitalization Specific Plan, this property acts as a vital gateway between the established local residential neighborhoods and the regional traffic of the 91 Freeway. Its high-visibility frontage on West Grand Boulevard ensures a steady stream of both local and sub-regional visitors.
3. Diverse Revenue Potential (Flexible GB Zoning)
The "Gateway Business" (GB) designation offers an exceptionally wide range of high-demand permitted uses. This flexibility provides an investor with multiple exit strategies and the ability to pivot to the highest-rent-paying tenants, including:
- Professional Services: Banks, insurance, real estate, or dental/medical offices.
- Retail & Dining: Coffee shops, artisanal bakeries, cafes, or boutique garden shops.
- Personal Services: Barber shops, high-end beauty salons, nail studios, or tailors.
4. Government-Backing & Value Appreciation
The property is a direct beneficiary of the City of Corona’s aggressive Downtown Revitalization initiative. Investors can take advantage of:
- Streamlined Development Standards: Reduced bureaucratic hurdles and accelerated permitting.
- City-Led Infrastructure Improvements: Massive public investment in the immediate Downtown Core designed to drive foot traffic, aesthetic appeal, and overall property values.
5. Low Barrier to Entry
At an attractive price point of $290,000, this lot offers a manageable entry into the Southern California commercial market. It is an ideal site for an owner-user looking to build a custom storefront or a developer seeking a high-yield boutique project in a rapidly improving district.
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