Three-Tenant Retail
New
For Sale
$575,000
1417 Mangrove Ave, Chico, CA 95926
Three separately metered suites with an equipped restaurant space and front/rear parking on Mangrove Avenue.
Days on Market3
Property Features for 1417 Mangrove Ave
General Information
Standard status
Active
Property subtype
Commercial
Site & Location
Pylon Signage
Yes
Utilities to Site
Yes
Amenities
front and rear parking
prominent pole and façade signage
newer mini-split HVAC systems
separately metered gas and electricity
walk-in refrigerator and freezer
Type I and Type II hoods
multiple sinks
high-capacity water heater
oversized HVAC systems
ample electrical power
Building Details
Building Size
2,802 SF
Year Built
1958
Buildings
1
Tenancy
Multi
Listing Agency:
Harris Commercial Real Estate
(530) 419-1600
Listed By:
Brandon Harris · License #01318261
(530) 419-1600
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 8:21PM
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 Harris Commercial Real Estate
Investment Insights
Based on property information with market context.
This three-tenant retail building is configured into three separately metered units at 1411 Mangrove Avenue, 1413 Mangrove Avenue, and 1417 Mangrove Avenue, with a total building year built of 1958. The property includes a 600 SF suite occupied by Pet Couture since 2010 on a month-to-month term, and a 1,000 SF suite occupied by Phyzique Gym since 2016 on a month-to-month term. The 1417 Mangrove Avenue space is a 1,200 SF vacant restaurant suite with substantial existing kitchen infrastructure.
The restaurant suite includes a walk-in refrigerator and freezer, Type I and Type II hoods, multiple sinks, a high-capacity water heater, oversized HVAC systems, and ample electrical power. Additional improvements include newer mini-split HVAC systems, prominent pole and façade signage, front and rear parking, and separately metered gas and electricity.
The combination of two established tenants and a well-improved vacant suite supports both investor and owner-user uses, with the restaurant space well suited for a restaurant, catering operation, commissary kitchen, or similar concept.
The restaurant suite includes a walk-in refrigerator and freezer, Type I and Type II hoods, multiple sinks, a high-capacity water heater, oversized HVAC systems, and ample electrical power. Additional improvements include newer mini-split HVAC systems, prominent pole and façade signage, front and rear parking, and separately metered gas and electricity.
The combination of two established tenants and a well-improved vacant suite supports both investor and owner-user uses, with the restaurant space well suited for a restaurant, catering operation, commissary kitchen, or similar concept.
Key Highlights
- Three separately metered units at 1411, 1413, and 1417 Mangrove Avenue
- 600 SF suite occupied by Pet Couture since 2010 (month‑to‑month)
- 1,000 SF suite occupied by Phyzique Gym since 2016 (month‑to‑month)
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.5k | $18.72 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $49.5k | $17.67 |
| − OpEx | −$12.4k | −$4.42 |
| NOI | $37.1k | $13.25 |
2,802 SF · lease $18.72/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$530.5K
$464.2K – $619.0K
NOI $37,137 @ 7.0% cap · market cap 6.46%
Second Best
Retail
$495.2K
$433.3K – $577.7K
NOI $34,661 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$565.7K
$495.0K – $660.0K
NOI $39,602 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,335
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95926, CA
41,259
Population
18,566
Households
2.2
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
7.8 sq mi
ZIP Area
5,290
Density / Sq Mi
$62,334
Median Household Income
$27,870
Median Earnings
$1,418
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Bloose Flower Delivery Chico CA — 752 Buttonwillow Ln, Chico, CA 95926
- Chico Florist — 1600 Mangrove Ave #145, Chico, CA 95926
Frequently Asked Questions
What type of property is this?
Storefront property - Three separately metered suites with an equipped restaurant space and front/rear parking on Mangrove Avenue.
Where is this storefront property located?
The property is located at 1417 Mangrove Ave Chico, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Three separately metered units at 1411, 1413, and 1417 Mangrove Avenue; 600 SF suite occupied by Pet Couture since 2010 (month‑to‑month); 1,000 SF suite occupied by Phyzique Gym since 2016 (month‑to‑month)
