$615,000
FOR SALEActive1355 Washington
Oroville CA 95965
8,276
SF
Mixed Use
Type
1984
Built
$74/SF
Cost/SF
Listing Agent
Sylvanna Steveson
Listing Agent
DRE #: 02231557
(530) 720-4939Brokerage: 1st Choice Realty & Associates Inc
Location Analysis
About This Property
1355 Washington Avenue is a net-leased drive-thru restaurant offered at $615,000, an 8.21% cap rate. The 1,495 SF single-story building was built in 2018 on a ±0.19-acre (8,276 SF) corner lot zoned NC (Neighborhood Commercial). It sits at a busy roundabout off Montgomery Street, near downtown Oroville. The building has a wrap-around drive-thru lane with a pickup window and a commercial kitchen with hood and Ansul fire suppression. It also has a walk-in cooler and central heat and air. It is leased to The Lamb and The Wolf on a new three-year lease through April 15, 2029. Rent is $4,500 a month plus $800 a month in CAM, for $63,600 in gross annual income and $50,496 in net operating income. With a newer building, a lease in place and a flood-safe FEMA Zone X site, it’s an easy-to-own income property for investors and 1031 exchange buyers.
Property Information
Property Overview
Commercial - MixedUse
Property Type
Active
Status
0.19 acres
Lot Size
8,276 SF
Square Footage
$74.31/SF
Price per SF
1,984
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
Location Analysis
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
Data not available.
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CRMLS
MLS# SN26231683
Listed:
Nalren refreshed:
Last updated
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Listed by: 1st Choice Realty & Associates Inc
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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.