1815-1985 Oro Dam Blvd E - Department Store FOR SALE


Oroville, CA 95966
$8,890,000 USD
916-724-1326
1815-1985 Oro Dam Blvd E, Oroville, CA for Sale
$8,890,000 USD
Department Store - FOR SALE
1/21
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1815-1985 Oro Dam Blvd E
Oroville, CA 95966


HIGHLIGHTS

  • Attractive Pricing: Offered at $91 Per Square Foot
  • History of Long Term Tenancy (70% of Tenants 10+ Years Tenancy)
  • Value-Add Opportunity: Current Occupancy at 62% Allows for Substantial Lease-Up Upside
  • Prime Location: Situated on a Hard, Signalized Corner with Traffic Counts Exceeding 45,000 Vehicles Per Day
  • Redevelopment Potential: Over 8 Acres of Land with High Visibility and Strong Corner Positioning
  • Parcel Flexibility: The Property’s Five Separate Parcels Allow for Potential Future Parcel Sales or Phased Redevelopment

OVERVIEW

The subject property is a 97,620-square-foot neighborhood shopping center situated on 8.03 acres across five commercial-zoned parcels in Oroville, California. Known as Oroville Plaza, the center is prominently located at the signalized intersection of Oro Dam Boulevard and Lincoln Street, which experiences traffic counts exceeding 45,000 vehicles per day. The property comprises 15 suites, four of which are currently vacant. The vacant units range in size from 1,290 square feet to 31,044 square feet. The largest vacancy, measuring 31,044 square feet, was formerly occupied by Big Lots, which vacated in late 2024 as part of the retailer’s Chapter 11 bankruptcy proceedings. The largest current tenant is Dollar Tree, occupying 18,500 square feet. Dollar Tree has operated at the center since 2002 and recently executed a forth Amendment to their lease that extended the lease term an additional 5-years. The second-largest tenant is the Salvation Army Thrift Store, which occupies 14,212 square feet, has been a tenant since 2010, and currently operates on a month-to-month lease. Other tenants include Mountain Mike’s Pizza, Prime Time Nutrition, Rent-A-Center, Tacos Tijuana Restaurant, Oro Jewelry & Loan, Holbrook Furniture, Smoke & Toke, and a newly signed lease with Mi Jalisco Restaurant. Notably, all tenants are paying rental rates at or below market levels, providing additional upside potential. Offered at $91 per square foot with a 62% current occupancy rate, Oroville Plaza presents an excellent value-add investment opportunity. Additionally, the property offers significant redevelopment potential, given its prime location on a high-traffic, signalized hard corner with excellent street visibility. The center features multiple large monument signs and sits on five separate parcels, offering investors the potential to create further value by selling off individual parcels.

FOR SALE DETAILS

PRICE

$8,890,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

356

LAND DETAILS

CROSS STREETS

Oro Dam Blvd. & Lincoln

LAND ACRES

8.03 AC

LAND SF

349,787 SF

ZONING

C2

APN/PARCEL ID

035-050-099-000

ASK ABOUT THIS PROPERTY

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

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Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1326

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