1413-1417 Mangrove Ave - Retail FOR SALE


Chico, CA 95926
$575,000 USD
530-828-9289
1413-1417 Mangrove Ave, Chico, CA for Sale
$575,000 USD
Retail - FOR SALE
1/15
null | 6.28% Cap Rate

NEW


1413-1417 Mangrove Ave
Chico, CA 95926


HIGHLIGHTS

  • - LONGSTANDING TENANTS ON MTM TERMS
  • - FRONTAGE ONTO MAIN ARTERIAL ROADWAY DOMINATED BY RETAIL
  • - REMOLDELED RESTAURANT SPACE AVAILABLE FOR OWNER/USER

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$205 USD /SF

CAP RATE

6.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3-Tenant Retail Strip - Restaurant Available

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

CITY

APN/PARCEL ID

003-444-038-000

ASK ABOUT THIS PROPERTY

Brandon HarrisHarris Commercial Real Estate ServicesMore Info
530-828-9289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Brandon HarrisHarris Commercial Real Estate ServicesMore Info
530-828-9289

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.