Corona Redevelopment Opportunity 2 Properties Offered at $24,944,400 CAD in Corona, CA

160 & 170 E. Rincon St. offers a prime retail and redevelopment opportunity located in the heart of corona’s commercial and light-industrial corridor. The lots include 2 buildings. The ±10,183 SF single-story building, originally constructed in 1982 as a Marie Callender’s restaurant, features 122 on-site parking spaces and sits on an expansive ±1.92-acre parcel. The ±30,000 SF single-story building, constructed in 1983, sits on a ±1.65-acre fenced parcel featuring two recessed semi-truck loading docks, five exterior silos, and professional-grade stainless-steel cooking and processing equipment. Designed for light manufacturing and food production, the property provides a functional layout, heavy power, and a balance of office, production, and storage space. It is currently occupied by Marie Callender's for their food processing operations providing substantial income during the entitlement process.
The property sits within the (CR) commercial retail and (ADO) affordable housing overlay zones, and (M1) light manufacturing, allowing for a wide range of commercial and residential redevelopment uses. Corona has approved the site for up to 45 dwelling units per acre. The site benefits from excellent street visibility, with approximately 164 feet of frontage along E. Rincon St, just off Main St., and offers direct access to the SR-91 and I-15 freeways. Conveniently located only 0.5 miles from the North Main Corona Metrolink station, the site combines accessibility with strong daily traffic counts which makes it ideal for a mixed retail/office or residential repositioning within corona’s high-growth market.