2600 5Th Avenue

  • Oroville

  • $525,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
Fifth Avenue Storage is an excellent long-term investment property. There are three "retail/industrial" spaces near the front of the center. Two are currently occupied by a tire shop and the third is a storage/work space for a contractor. Behind these spaces is the storage portion of the center. With 26 storage units and a history of strong occupancy, the gross income for this property has been consistent. Most of the leases are considered to be below market and they are short-term so there is considerable upside available to a new investor. One long-term advantage to this property is that it is not far off Oro Dam Boulevard (Hwy 162), a major surface street through Oroville with up to 30,000 cars per day at some intersections. A brand new Walmart Supercenter is currently under construction and is expected to open in Spring of 2017. Fifth Avenue Storage is just around the corner from this new regional center which is expected to draw major traffic and it is directly on the path of travel that many people from the eastern portion of town will take. This will increase its visibility and should positively affect its long term value and leasability.
Essential
MLS #CH17020942
Price Per SqFt$41.80
Sub-TypeMixed Use
CountyButte
StateCA
StatusActive
Sale TypeStandard
Building StatusExisting
Land UseIndustrial,Other,Retail
Listing BrokerageTracy Realty Co.
Listing AgentArwen Funk
Listing Agent BRE #01198804
Co-Listing AgentOrville Tracy
Co-Listing Agent BRE #00407200

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, April 19, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.