1345 Feather River Boulevard
Commercial Sale Details
Time Square in California! Don't miss a fantastic opportunity to own a strip of retail just north of Sacramento and 20 minutes to Chico! Time Square located in Oroville, CA is neighbors to a 76 gas station, Valero gas station, AAA, and several other hotels, and restaurants! Just a stone's throw from the 70 freeway entrance, it's located in close proximity to both people driving through and regular stable customers in the neighborhood. The tenants of this complex are diverse and consistent, including a smoke shop, hair stylist, restaurant, , massage business. A small cottage located in the back of the complex, boasts its own courtyard, the perfect addition for a caretaker or property manager! The cap rate is currently 7%, but with getting all the units filled you could net $5600 per month with a cap rate of 10.5%! The building features a brand new roof, new exterior paint, newer HVAC, new fixtures throughout including light fixtures, toilets & sinks. Almost all units have been remodeled...bye bye popcorn ceiling and outdated features! This building is modern and well cared for.
|Price Per SqFt||$96.34|
|Listing Brokerage||Porchlight Real Estate Brokers|
|Listing Agent||Sima Saboury|
|Listing Agent BRE #||01792124|
Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 22, 2018.
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