2620 5th Ave - Warehouse FOR SALE


Oroville, CA 95965
$1,750,000 USD
530-864-1520
2620 5th Ave, Oroville, CA for Sale
$1,750,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

2620 5th Ave
Oroville, CA 95965


OVERVIEW

40,000 square feet for $1.75 million is a bargain! Add nearly 4 acres & it becomes a super bargain!! Location Location Location - All of the above in a prime industrial/commercial area just a few blocks from the freeway makes this a great business decision!!! Just considering the building (without a land value) Price per square foot = $43.75. Building replacement cost alone is $150/sf or $6M. 3.75+ acres of prime real estate comps as high as $750K. Discount replacement by 50% - $6M+$750K/2=$3.375M, making a $1.75M acquisition an amazing investment opportunity. Looking for rental income? Let’s discuss the option of the seller renting 10-20K sf while finding a tenant for the other ½. FYI - the building has a full partition wall with 14’ roll up splitting the building in ½. Need more incentive? Insulated roof, water, power, heavy slab, paved & access to both 5th Avenue & 7th Avenue (making it ideal for logistics). Being in close proximity to Hwy 162/Oro Dam Blvd. in the commercial & restaurant heart of Oroville, an indoor sports complex to rival those in Roseville might be a great idea.? Then pave the acreage for parking + food trucks bringing in additional daily rental + event day support. Truck Shop with plenty of potential truck parking. Add a common restroom & build multiple suites to develop a commercial mall. I can keep going but the point is made – this property has a lot of opportunity & the price is right.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$44 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

UTILITIES

Water

CLEAR CEILING HT

24 Ft

DOCKS

8

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.78

LAND SF

164,657

ZONING

M2

APN/PARCEL ID

035-380-051-000

ASK ABOUT THIS PROPERTY

Scott PerkinsPerkins RealtyMore Info
530-864-1520

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Scott PerkinsPerkins RealtyMore Info
530-864-1520

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