$575,000
FOR SALEActive1417 Mangrove Avenue
Chico CA 95926
2,802
SF
Retail
Type
1958
Built
$205/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Three-tenant retail building prominently positioned along Mangrove Avenue. The property is configured into three separately metered units: 1411 Mangrove Avenue, a 600 SF suite occupied by Pet Couture since 2010, month-to-month term; 1413 Mangrove Avenue, a 1,000 SF suite occupied by Phyzique Gym since 2016, month-to-month term; and 1417 Mangrove Avenue, a 1,200 SF vacant restaurant space formerly built out and operated by Pizza Hut. The restaurant suite offers substantial existing infrastructure, including a walk-in refrigerator and freezer, Type I and Type II hoods, multiple sinks, a high-capacity water heater, oversized HVAC systems, and ample electrical power. The space presents a strong opportunity for a restaurant, catering operation, commissary kitchen, or similar owner-user. With two established tenants in place and a well-improved vacant suite, the property is well suited for an investor seeking additional upside or an owner-user looking to offset occupancy costs with rental income. Additional features include front and rear parking, prominent pole and façade signage, newer mini-split HVAC systems, and separately metered gas and electricity.
Property Information
Property Overview
Commercial - Retail
Property Type
Active
Status
0.22 acres
Lot Size
2,802 SF
Square Footage
$205.21/SF
Price per SF
6.30%
Cap Rate
1,958
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
6.3% Cap Rate
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
6.30%
Cap Rate
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Closed commercial sales reported, newest first.
CRMLS
MLS# SN26155814
Listed:
Nalren refreshed:
Last updated
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Listed by: Harris Commercial Real Estate
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.