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Property profile

605- Mangrove Ave Chico, CA 95926

OFF-MARKET
Lifestyle centers
19,531 SF 1.82 ac lot Built 2007
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Lifestyle centers
Year built 2007
Total area 19,531 SF
Lot 1.82 ac (79,279 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

605- Mangrove Ave Chico, CA 95926
Chico metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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