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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,495,000

Est. payment | -/mo

0.62 Acres Lot

Save

$ 1,495,000

Est. payment | -/mo

Save

0.62 Acres Lot

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

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Michael Donnelly Commercial Brokers of California 530-828-0011, DRE #01429436

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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605 Mangrove AVE Chico, CA 95926