1215 Mangrove AveChico, CA 95926

This exceptional commercial property, located at 1215 Mangrove Avenue in Chico, California, presents a compelling investment opportunity. Situated on a vibrant stretch of Mangrove Avenue between 1st and 3rd Avenues, this property boasts impressive daily traffic counts exceeding 21,000 vehicles. The property comprises three fully leased commercial units, totaling 6,599 square feet. Its prime location within a thriving commercial area ensures consistent income generation. Neighboring businesses include well-established brands such as Great Harvest Bread, Popeyes Louisiana Kitchen, and Jiffy Lube, further enhancing the property's desirability and potential for future growth. The asking price is $975,000, representing a 6.75% capitalization rate. This property is ideal for investors seeking a stable, high-return investment in a dynamic commercial corridor. The property is classified as Retail, Industrial, and Land, with a manufacturing and commercial subtype. Please note that the property is currently fully leased, and tenants should not be disturbed. The property is located in Butte County, California, zip code 95926.