For Sale
$975,000

1215 Mangrove Ave Chico, CA 95926

High-yield retail property, fully leased.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional commercial investment opportunity presents a fully leased storefront property located at 1215 Mangrove Avenue in Chico, California. The property boasts a total of 6,599 square feet, divided into three individual commercial units, all currently under lease. Built in 1978, this single-story building sits on a 9,148 square foot lot (APN: 003451021000) and offers a compelling 6.75% capitalization rate. The asking price is $975,000, translating to a price per square foot of $148. Situated on a vibrant stretch of Mangrove Avenue between 1st and 3rd Avenues, this property benefits from exceptionally high traffic counts, exceeding 21,000 vehicles daily. The location is further enhanced by its proximity to successful businesses such as Great Harvest Bread, Popeyes Louisiana Kitchen, and Jiffy Lube, contributing to a thriving commercial environment. This property represents a strong investment opportunity with a stable income stream and significant potential for future growth. Tenants should not be disturbed.

Highlights

  • Fully leased 6,599 SF storefront property in Chico, CA.
  • Three individual commercial units, all currently leased.
  • Located on a 9,148 SF lot (APN: 003451021000), built in 1978.
  • 6.75% capitalization rate, asking price $975,000 ($148/SF).
  • High-traffic location on Mangrove Ave. (21,000+ VPD), near established businesses.

Property Details for 1215 Mangrove Ave

Property type
Retail properties, Retail space
Square Feet
6,599 SF
Year Built
1978
Stories
1
Units
3

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.7421118
Longitude
-121.8391363

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FAQs

What type of property is this?
Retail property - High-yield retail property, fully leased.
Where is the retail property located?
The property is located at 1215 Mangrove Ave Chico, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Fully leased 6,599 SF storefront property in Chico, CA.; Three individual commercial units, all currently leased.; Located on a 9,148 SF lot (APN: 003451021000), built in 1978.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Mike Donnelly
Mike Donnelly
Visit Broker Website

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Mangrove Ave
Chico, CA 95926

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Mangrove Ave
Chico, CA 95926

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1215 Mangrove Ave
  • Mike Donnelly
    Mike Donnelly
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