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$ 1,495,000
Est. payment /mo
New
605 Mangrove AVE Chico, CA 95926
0.62 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26207812
HOA Y/N No
Year Built 2007
Lot Size 0.620 Acres
Property Sub-Type Retail
Property Description
Now is your chance to invest in a first class commercial retail center at a great price. The Shops at Mangrove is a clean, modern commercial center, offering an investor an excellent return on investment (ROI). 605 Mangrove consists of two buildings (Four End Caps!) with beautifully designed architecture, both on a high traffic corner with some of the best signage in town. Currently there are five retail units for a total of 11,392 square feet. Tenants include Genkai Sushi, Green Light Fitness, Jersey Mikes and Noodle House. This is a high profile gateway corner to Downtown Chico and Chico State University, and a daily needs drive by location. The center is located across from Bidwell Park and near Chico High School, Chico Junior High School, Post Office and across from Chipotle and Safeway anchored shopping center. The Shops at Mangrove offers a town plaza feel with strolling walkways, bicycle parking and outdoor seating areas. The improvements are situated on ground-leased land, creating an opportunity to acquire a quality retail shopping center investment at a substantially lower purchase price than would typically be required for a comparable shopping center property. This structure provides an attractive lower barrier to entry for investors seeking retail real estate ownership, established tenancy and a high-profile location.
Location
State CA
County Butte
Interior
Heating Central
Fireplace No
Laundry None
Building
Lot Description Corner Lot, Lawn
Story 1
Water Public
Others
Tax ID 003210018000
Special Listing Condition Standard
Listed by Michael Donnelly Commercial Brokers of California 530-828-0011, DRE #01429436