771 Oro Dam BlvdOroville, CA 95965

Property Details for 771 Oro Dam Blvd

Year built

2008

Construction

WOOD

Lot size

0.74 AC

Property size (Sq ft)

3,855 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

030-170-016-000

APU

30170016000

Description

This exceptional 3,855 square foot commercial building, situated on a 0.74-acre lot at 771 Oro Dam Boulevard in Oroville, California, presents a unique investment opportunity. Currently configured as a restaurant, this well-maintained property boasts a spacious kitchen, extensive dining area, and a full-service bar, all ready for immediate use. The building's long history as a successful restaurant speaks to its ideal location and inherent appeal. A significant advantage is the inclusion of a privately owned parking lot, a rare commodity in this area, ensuring ample parking for patrons or employees. Its convenient location places it within easy walking distance of numerous local attractions and recreational amenities, further enhancing its desirability. The versatility of this substantial space extends beyond its current restaurant configuration. Its size and ample parking make it highly adaptable for a variety of commercial uses, including but not limited to medical offices, retail establishments, or other businesses seeking a prominent Oroville presence. The asking price is $1,290,000. This property offers a compelling blend of established functionality and significant future potential. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,021,292

  6.5%

  $942,731

  7%

  $875,393

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,387,051

  Geo Method

  $1,387,051

• Alternative Use

  Use

  Valuation

  Residential

  $795,229

  Hospitality

  $728,425

  Educational

  $606,041

  Medical

  $626,884

  Retail

  $942,731

Location Insight

City

Oroville

County

Butte

State

California

Latitude

39.4977

Longitude

-121.583

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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