For Sale
$975,000

1215 Mangrove AveChico, CA 95926

High-yield retail property, fully leased.

Overview

Added:
Dec 11, 2024
Days on market:
116
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
1215 Mangrove Ave, Chico, California

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1215 Mangrove Ave
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