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Mangrove Avenue Commercial Building For Sale

1215 Mangrove, Chico, CA 95926

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For Sale

$935,000

Well-maintained, fully leased commercial building in a high-traffic location.

Type:Commercial

Property size:

6,599 SF

Price / SF:

$141/SF

HighLights

Fully leased 6,599 sq ft commercial building providing immediate and stable income.
High‑traffic location on Mangrove Avenue with over 20,000 cars daily.
Prime location in an active commercial corridor with strong national and regional neighbors.
Excellent tenant signage visibility.
Ample on‑site parking.
Easy freeway access.

We can help!

Listing Contact

Kimberly Shaffer

Learn more

For Sale

$935,000

Well-maintained, fully leased commercial building in a high-traffic location.

Type:Commercial

Property size:

6,599 SF

Price / SF:

$141/SF

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 4:32 pm

Property Features for 1215 Mangrove

General Information

Standard status: Active
Size: 6,599 SF
Property subtype: Commercial

Building Details

Year Built: 1978

We can help!

Listing Contact

Kimberly Shaffer

Listing agent Kimberly Shaffer License #01415693

Listing office Century 21 Select Real Estate, Inc.

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Select Real Estate, Inc.

HighLights

Fully leased 6,599 sq ft commercial building providing immediate and stable income.
High‑traffic location on Mangrove Avenue with over 20,000 cars daily.
Prime location in an active commercial corridor with strong national and regional neighbors.
Excellent tenant signage visibility.
Ample on‑site parking.
Easy freeway access.

Overview

This 6,599 square foot commercial building is located on Mangrove Avenue between 1st and 3rd Avenues. The property is situated in one of Chico’s most active commercial corridors and benefits from a location with high daily traffic, exceeding 20,000 cars. The area features strong national and regional neighbors, including Dunn Edwards Paint, Great Harvest Bread, and Popeyes. The building is fully leased, providing immediate and stable income. Tenant signage visibility is excellent, and ample on-site parking is available. The location offers easy freeway access. The property has a bike score of 75, indicating it is very bikeable, and a walk score of 87, indicating it is very walkable. This property is a solid, long-term commercial investment.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$123.5k	$18.72
− Vacancy	−$6.9k	−$1.05
EGI	$116.6k	$17.67
− OpEx	−$35.0k	−$5.30
NOI	$81.6k	$12.37

6,599 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.17M

$1.02M – $1.36M (±1% cap)

NOI $81,631 @ 7.0% cap · market cap 8.73%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.33M

$1.17M – $1.55M (±1% cap)

NOI $93,267 @ 7.0% cap · market cap 9.98%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

A Prevention Education Program Corporate Office Backyard Solutions (Bike/Boat/Book/etc) Store Any Wind Publishing Publishing House

Suggested Use

Similar Places Nearby

Chico Florist — 1600 Mangrove Ave #145, Chico, CA 95926

Location Insight

Map
Local Demand

City: Chico
County: Butte
State: California
Longitude: -121.8390479
Latitude: 39.7421583

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For sale
Storefront properties
CA
Chico
95926
1215 Mangrove

What type of property is this?

Storefront property - Well-maintained, fully leased commercial building in a high-traffic location.

Where is this storefront property located?

The property is located at 1215 Mangrove Chico, CA.

What is the asking price?

The asking price for this property is $935,000.

What are key features of this property?

This property features: Fully leased 6,599 sq ft commercial building providing immediate and stable income.; High‑traffic location on Mangrove Avenue with over 20,000 cars daily.; Prime location in an active commercial corridor with strong national and regional neighbors.