$525,000 2600 5th Avenue Oroville, CA

MLS: CH17020942   Type: Commercial   County: Butte   City: Oroville   Zip: 95965   Style: Mixed Use  

Mortgage $2,465 /mo

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Lot Size

Built

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12,560

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1983

Fifth Avenue Storage is an excellent long-term investment property. There are three "retail/industrial" spaces near the front of the center. Two are currently occupied by a tire shop and the third is a storage/work space for a contractor. Behind these spaces is the storage portion of the center. With 26 storage units and a history of strong occupancy, the gross income for this property has been consistent. Most of the leases are considered to be below market and they are short-term so there is considerable upside available to a new investor. One long-term advantage to this property is that it is not far off Oro Dam Boulevard (Hwy 162), a major surface street through Oroville with up to 30,000 cars per day at some intersections. A brand new Walmart Supercenter is currently under construction and is expected to open in Spring of 2017. Fifth Avenue Storage is just around the corner from this new regional center which is expected to draw major traffic and it is directly on the path of travel that many people from the eastern portion of town will take. This will increase its visibility and should positively affect its long term value and leasability.

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Price History

4/19/2018 Listed $525,000

Co-listing Agent Orville Tracy - BRE#00407200
Colistagentfirstname Orville
Colistagentlastname Tracy
Colistagentstatelicense 00407200
Listagentstatelicense 01198804
Listing Agent Arwen Funk - BRE#01198804
Price Per Square Foot 41.80
Property SubType Mixed Use
Property Type Commercial Sale
Special Listing Conditions Standard

Interior Features

Condoareaunits Square Feet

Exterior Features

Building Area Total 12560.00
Land Use Industrial, Other, Retail
Lot Size Source Assessor
Water Source Public

Property Schools



Direct Link:

http://www.gilmourteam.com/property/25-CH17020942-2600-5th-Avenue-Oroville-CA-95965

Gallery (5 photos)

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Property vs Zip Code Avg (95965)

Price 525K Avg 383K

Sqr Feet 12,560 Avg 7,085

Cost / Sqr Ft $42 Avg $54

Visits 8 Avg 12

Days on Site 475 Avg 404

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Listing Provided Courtesy Of: Arwen Funk with Tracy Realty Co..




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Location & Address

The Gilmour Real Estate Group
2080 E. 20th Street #170
Chico, CA
530-601-4274