2041 Bird StOroville, CA 95965

Property Details for 2041 Bird St

Year built

1948

Construction

TILT-UP CONCRETE

Lot size

0.05 AC

Property size (Sq ft)

1,882 SF

Property type

Retail properties

Property subtype

Retail space

APN

012-093-016-000

APU

12093016000

Description

This exceptional mixed-use property at 2041 Bird Street in Oroville, CA, presents a unique investment opportunity. The 1,882 square foot building sits on a 0.05-acre lot in the heart of historic downtown Oroville, offering high visibility and foot traffic. The main unit, spanning 1,386 square feet, has undergone a complete renovation, boasting fresh paint, new flooring, and upgraded electrical systems. Two large, street-facing display windows with lighting are ideal for retail businesses, showcasing products or artwork to passersby. A well-appointed bathroom and a private back entrance with alleyway access provide convenient access to a nearby public parking lot. The adjacent unit, a two-story space, offers versatility for a variety of uses, including residential loft space, additional office space, or storage. This unit could easily be integrated with the main unit for expanded functionality. The property's prime location, recent renovations, and adaptable floor plan make it an attractive option for entrepreneurs, artists, or investors seeking a live/work space or income-generating commercial investment. The asking price is $267,000, and seller financing options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $498,592

  6.5%

  $460,238

  7%

  $427,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $677,154

  Geo Method

  $677,154

• Alternative Use

  Use

  Valuation

  Residential

  $388,228

  Hospitality

  $355,615

  Educational

  $295,868

  Medical

  $306,043

  Retail

  $460,238

Location Insight

City

Oroville

County

Butte

State

California

Latitude

39.5131

Longitude

-121.555

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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