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575 East Ave 2,500 SF 100% Leased Retail Building Chico, CA 95926 $399,000 ($159.60/SF) 8.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Immediate access to Hwy 99
- Zoned CC - Community Commercial
- 79’ of frontage on East Avenue
EXECUTIVE SUMMARY
Prime Location: Nestled in the heart of a bustling commercial district, this retail property at 575 East Street offers an unbeatable location for savvy
investors looking to capitalize on a bite size investment with maximum visibility. Situated in a vibrant and sought-after area, this property presents a golden opportunity for those seeking a lucrative return on investment.
investors looking to capitalize on a bite size investment with maximum visibility. Situated in a vibrant and sought-after area, this property presents a golden opportunity for those seeking a lucrative return on investment.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
1954
Price
$399,000
Price Per SF
$159.60
Cap Rate
8.02%
NOI
$31,980
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.33 AC
Zoning
CC - Community Commercial
Parking
20 Spaces (8 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Corner Lot
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 007-080-062-000 | Improvements Assessment | $150,000 |
| Land Assessment | $100,000 | Total Assessment | $250,000 |
PROPERTY TAXES
Parcel Number
007-080-062-000
Land Assessment
$100,000
Improvements Assessment
$150,000
Total Assessment
$250,000
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