615 Mangrove AveChico, CA 95926

Property Details for 615 Mangrove Ave

Year built

2007

Construction

WOOD

Lot size

0.62 AC

Property size (Sq ft)

8,174 SF

Zone code

CC

Property type

Retail properties

Property subtype

Retail space

APN

003-210-019-000

APU

3210019000

Description

This exceptional 2,000-square-foot retail space is located at 615 Mangrove Ave, Chico, CA 95926, in Butte County (APN 003210019000). Built in 2007, this single-tenant property sits on a 0.62-acre lot and features a prime corner location within Chico's thriving daily needs shopping area. The building, a one-story structure, is ideally situated at the highly visible intersection of Mangrove and Vallombrosa Avenues, offering excellent signage opportunities. Currently configured for a restaurant, the space includes an outdoor patio. Its strategic location places it directly across from established businesses like Chipotle and Rite Aid, and neighbors include Jersey Mike's, T-Mobile, Massage Envy, Gen Kai Sushi, and Brave Coffee. This is a rare opportunity to lease in the Shops at Mangrove, a newly marketed retail center. The landlord is offering attractive lease terms to support tenant success. The property's previous use as a restaurant provides a solid foundation for similar ventures, but the space is adaptable to a variety of retail uses. Don't miss this chance to secure a well-positioned retail space at a competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $2,165,509

  6.5%

  $1,998,932

  7%

  $1,856,151

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,941,051

  Geo Method

  $2,941,051

• Alternative Use

  Use

  Valuation

  Residential

  $1,686,174

  Hospitality

  $1,544,526

  Educational

  $1,285,028

  Medical

  $1,329,222

  Retail

  $1,998,932

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7347

Longitude

-121.836

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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