1345 Feather River Boulevard

  • Oroville

  • $539,500
  • Acres
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Commercial Sale Details

Description & Essential
Description
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 Almost all units have been remodeled...bye bye popcorn ceiling and outdated features!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.
Essential
MLS #SN18002414
Price Per SqFt$96.34
Sub-TypeMixed Use
CountyButte
StateCA
StatusActive
Sale TypeStandard
Building StatusExisting
Land UseRetail
Listing BrokeragePorchlight Real Estate Brokers
Listing AgentSima Saboury
Listing Agent BRE #01792124

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Based on information from California Regional Multiple Listing Service, Inc. as of Wednesday, August 22, 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.