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1215 Mangrove Ave 6,599 SF 100% Leased Office Building Chico, CA 95926 $935,000 ($141.69/SF)
Investment Highlights
- Fully Leased
Executive Summary
Prime investment opportunity! This well-maintained commercial building is located on Mangrove Avenue between 1st and 3rd Avenues. This area sees more than 20,000 cars daily, sits near a thriving commercial corner, and is surrounded by strong national and regional neighbors, including Dunn-Edwards Paint, Great Harvest Bread, and Popeyes. The 6,599 square foot building is fully leased, providing immediate and stable income, and features excellent tenant signage visibility along with ample on-site parking. With easy freeway access and a prime location in one of Chico’s most active commercial corridors, this property stands out as a solid, long-term commercial investment.
Property Facts
Sale Type
Investment
Property Type
Building Size
6,599 SF
Building Class
B
Year Built
1978
Price
$935,000
Price Per SF
$141.69
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,599 SF
Building FAR
0.26
Lot Size
0.59 AC
Zoning
C1
Parking
28 Spaces (4.24 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | 003-451-021-000 | Improvements Assessment | $491,845 |
| Land Assessment | $153,081 | Total Assessment | $644,926 |
Property Taxes
Parcel Number
003-451-021-000
Land Assessment
$153,081
Improvements Assessment
$491,845
Total Assessment
$644,926
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1215 Mangrove Ave
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