1437 Myers StOroville, CA 95965

Property Details for 1437 Myers St

Year built

1938

Construction

TILT-UP CONCRETE

Lot size

0.06 AC

Property size (Sq ft)

2,844 SF

Zone code

C1

Property type

Retail space

APN

012-093-010-000

APU

12093010000

Description

This 2,844 square foot commercial building is located at 1437 Myers Street in Oroville, California, on a 0.06-acre lot. The property boasts extensive, permitted upgrades including structural improvements, a new roof, updated electrical with track lighting, and upgraded plumbing—including waste lines for a future commercial kitchen—and an ADA-compliant restroom. The HVAC system is also new. Interior features include beautiful paint-distressed wood accents and wainscoting, complementing the original 1938 brick wall. The flooring is nearly new. A private loft area offers versatile space for an office, conference room, or training area. A low-ceiling mezzanine provides additional space, potentially suitable for security or IT, and features a custom iron banister with a gate for access. Rear access leads to a city parking lot, providing convenient parking for staff and customers. The building's design is adaptable to various commercial uses, including restaurants, open-air or cubicle office spaces, and retail. This property presents a unique opportunity to own a piece of historic downtown Oroville while supporting a local non-profit.

• CAP approach

  CAP return

  Valuation

  6%

  $753,451

  6.5%

  $695,493

  7%

  $645,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,023,287

  Geo Method

  $1,023,287

• Alternative Use

  Use

  Valuation

  Residential

  $586,675

  Hospitality

  $537,391

  Educational

  $447,103

  Medical

  $462,479

  Retail

  $695,493

Location Insight

City

Oroville

County

Butte

State

California

Latitude

39.513

Longitude

-121.555

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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