605- Mangrove Ave Chico, CA 95926

Property Details for 605- Mangrove Ave

Year built

2007

Lot size

1.82 lot acres

Property size

19,531 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 19,531 square foot shopping center, built in 2007, presents a compelling investment opportunity in the thriving city of Chico, California. Located at 605-615 Mangrove Avenue (APN 003210018000), this single-story property sits on a 1.82-acre lot and boasts a highly desirable location at the gateway to downtown Chico and California State University, Chico. The center benefits from exceptional visibility and accessibility, situated directly across from established businesses such as Chipotle, Rite Aid, and the Safeway-anchored Park Plaza Shopping Center. This ensures consistent high traffic volume, with a combined daily traffic count exceeding 35,000 vehicles passing the corner of Mangrove and Vallombrosa Avenues. The asking price is $3,699,000, translating to $189 per square foot. This represents a strong value proposition in a robust retail market. The property's prime location and high traffic counts make it an ideal investment for those seeking a stable and appreciating asset in a dynamic California market. Its proximity to a major university and the city center guarantees a consistent flow of potential customers, making it an attractive proposition for a variety of retail tenants. The property's size and layout offer flexibility for a range of business types, ensuring long-term value and potential for growth.

Location Insight

City

Chico

County

Butte

State

California

Longitude

-121.836

Latitude

39.7346