For Sale
$3,699,000

605- Mangrove Ave Chico, CA 95926

Prime Retail Center, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 19,531 square foot shopping center, built in 2007, presents a compelling investment opportunity in the thriving city of Chico, California. Located at 605-615 Mangrove Avenue (APN 003210018000), this single-story property sits on a 1.82-acre lot and boasts a highly desirable location at the gateway to downtown Chico and California State University, Chico. The center benefits from exceptional visibility and accessibility, situated directly across from established businesses such as Chipotle, Rite Aid, and the Safeway-anchored Park Plaza Shopping Center. This ensures consistent high traffic volume, with a combined daily traffic count exceeding 35,000 vehicles passing the corner of Mangrove and Vallombrosa Avenues. The asking price is $3,699,000, translating to $189 per square foot. This represents a strong value proposition in a robust retail market. The property's prime location and high traffic counts make it an ideal investment for those seeking a stable and appreciating asset in a dynamic California market. Its proximity to a major university and the city center guarantees a consistent flow of potential customers, making it an attractive proposition for a variety of retail tenants. The property's size and layout offer flexibility for a range of business types, ensuring long-term value and potential for growth.

Highlights

  • $3,699,000 asking price.
  • 19,531 square foot retail shopping center.
  • $189 per square foot.
  • Built in 2007, one-story building.
  • 1.82-acre lot.
  • Located at 605-615 Mangrove Ave, Chico, CA 95926 (APN: 003210018000).

Property Details for 605- Mangrove Ave

Property type
Lifestyle centers, Power centers
Square Feet
19,531 SF
Year Built
2007
Stories
1
Lot Size (sq. ft)
79,279 SF

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.7346332
Longitude
-121.8360189

FAQs

What type of property is this?
Lifestyle center - Prime Retail Center, High Traffic Area
Where is the lifestyle center located?
The property is located at 605- Mangrove Ave Chico, CA.
What is the asking price?
The asking price for this property is $3,699,000.
What are key features of this property?
This property features: $3,699,000 asking price.; 19,531 square foot retail shopping center.; $189 per square foot.
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605- Mangrove Ave
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