Corona, California, continues to experience dynamic changes in its business environment, marked by new ventures and shifting economic indicators.
New Business Ventures
In a notable development, Tipsy Town Liquor is set to take over the former Art’s Liquor location at 619 East 6th Street. The new owner plans to modernize the space with updated interiors and branding, aiming to offer an elevated experience with a focus on a diverse liquor selection. Additionally, the store will continue to provide check-cashing services, maintaining its role as a convenient neighborhood destination.
Real Estate and Economic Trends
The local real estate market reflects a period of adjustment. As of April 2026, the median listing price for homes in Corona was $774,999, a slight decrease of 2.52% compared to the previous year. The median sold price stood at $750,000, down 1.96% year-over-year. These figures suggest a cooling in the housing market, potentially offering opportunities for prospective buyers.
On the commercial front, the sale of three single-tenant retail properties at Parkridge Plaza for a combined total of $12.23 million underscores continued investment interest in Corona’s retail sector. The properties, including tenants like Raising Cane’s, Habit Burger & Grill, and Roll-Em-Up Taquitos, all have long-term net leases in place, indicating confidence in the area’s economic stability.
Community and Economic Development
The City of Corona’s Office of Economic Development remains proactive in supporting local businesses and entrepreneurs. Through its monthly newsletter, the office shares resources and training opportunities aimed at fostering growth and expansion. This initiative highlights Corona’s commitment to maintaining a vibrant and diverse business community.
As Corona navigates these evolving economic conditions, the resilience and adaptability of its business community continue to drive the city’s growth and prosperity.