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    1490 Wagstaff Rd Paradise, CA 95969

    Sponsored
    For Sale
    $780,000

    Grocery-anchored Paradise retail center

    Property size:
    31,212 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 31,212 square foot shopping center in Paradise, California, presents a compelling investment opportunity. Located at the prominent 1490 Wagstaff Rd intersection, this multi-tenant property boasts a strong anchor tenant, Save Mart Grocery Store, recently completing a $1.7 million interior and exterior remodel. Additional tenants include Dollar Tree, Tractor Supply Co, Big Lots, Mountain Mike's Pizza, T-Mobile, and Subway, ensuring a diverse and established tenant mix. The property features a drive-thru pad, ideal for fast food, coffee shops, convenience stores, or gas stations. Ample parking is available, and monument signage opportunities exist. This NNN-leased center is the only grocery-anchored shopping center in Paradise that survived a past fire without damage, making it a resilient and highly desirable investment. The asking price is $780,000, translating to $19.50 per square foot. The property's prime location and strong tenant base make it an attractive prospect for investors seeking a stable and profitable retail investment in a thriving community. This is a unique opportunity to acquire a well-established, resilient shopping center in a high-demand location.

    Property Features for 1490 Wagstaff Rd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    31,212 SF

    HighLights

    • $780,000 asking price for a 31,212 square foot retail property in Paradise, CA.
    • NNN lease, multi‑tenant shopping center.
    • $19.50 per square foot.
    • Dominant neighborhood shopping center anchored by Save Mart, Dollar Tree, Tractor Supply Co., and Big Lots.
    • Located on a prominent corner in Paradise, ideal for fast food, coffee shops, convenience stores, or gas stations.
    • Features monument signage and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Paradise
    County
    Butte
    State
    California
    Longitude
    -121.590217
    Latitude
    39.777441

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    FAQs

    What type of property is this?
    Lifestyle center - Grocery-anchored Paradise retail center
    Where is this lifestyle center located?
    The property is located at 1490 Wagstaff Rd Paradise, CA.
    What is the asking price?
    The asking price for this property is $780,000.
    What are key features of this property?
    This property features: $780,000 asking price for a 31,212 square foot retail property in Paradise, CA.; NNN lease, multi-tenant shopping center.; $19.50 per square foot.
    Request Owner's contact information
    1490 Wagstaff Rd Paradise, CA 95969
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    Paradise, CA 95969
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1490 Wagstaff Rd Paradise, CA 95969
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