2360 Oro Quincy HwyOroville, CA 95966

Property Details for 2360 Oro Quincy Hwy

Year built

1977

Lot size

0.64 AC

Property size (Sq ft)

1,940 SF

Zone code

C1

Property type

Office buildings

APN

013-290-044-000

APU

13290044000

Description

This exceptional Oroville investment opportunity presents a 1,940 square foot building situated on a 0.64-acre lot within city limits. Currently leased at $1,700 per month until September 2025, this property offers immediate rental income while providing significant long-term development potential. The building, constructed of steel, features a paved parking lot with city-approved landscaping, curbs, and gutters. Its current configuration suits a martial arts studio, including a large main room, a smaller weight room, storage, and a bathroom. However, its adaptable layout, previously including a lobby and offices, allows for diverse business uses. The "Mixed-use" zoning permits a wide range of commercial ventures. Benefit from high visibility on Oro Quincy Highway, with proximity to a large apartment complex and Oroville Hospital. This property's unique value proposition is enhanced by the availability of three adjacent lots (sold separately, but with a potential discount when purchased together), presenting a compelling opportunity to expand the investment or develop additional income streams. This is a rare chance to acquire a profitable rental property with significant upside potential for future development.

• CAP approach

  CAP return

  Valuation

  6%

  $349,631

  6.5%

  $322,736

  7%

  $299,684

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,993

  Geo Method

  $276,993

• Alternative Use

  Use

  Valuation

  Residential

  $400,193

  Hospitality

  $366,575

  Educational

  $304,986

  Medical

  $315,475

  Retail

  $474,422

Location Insight

City

Oroville

County

Butte

State

California

Latitude

39.5085

Longitude

-121.537

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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