6646 Clark Rd Paradise, CA 95969
- Gas stations
- 36,550 SF
- 1.08 lot acres
Current Use by Public Records
- Paradise Plaza / Business Center / Shopping Mall
- Big Lots / Discount Store / Furniture Store
- Speedy Commercial Plumbing / Plumber
- Perm ‘N’ Kuts / Barber Shop
- P K's Haircare / Beauty Salon / Hair Salon
Property Details for 6646 Clark Rd
- Year built
- 1978
- Construction
- TILT-UP CONCRETE
- Lot size
- 1.08 lot acres
- Property size
- 36,550 SF
- Zone code
- C2
- Property type
- Gas stations
- APN
- 050-400-001-000
- APU
- 50400001000
Description
This exceptional 34,043 square foot retail property, located at 6646 Clark Rd in Paradise, CA 95969, presents a unique investment opportunity. The center is the only grocery-anchored shopping center in Paradise to have survived a recent fire without damage, showcasing its robust construction and resilience. The property boasts a strong tenant mix, anchored by a Save Mart grocery store that recently underwent a significant $1.7 million interior and exterior remodel. This upgrade enhances the center's appeal and strengthens its position within the community. Additional tenants include popular and established businesses such as Mountain Mike's Pizza, T-Mobile, Subway, and Dollar Tree, providing a diverse and stable revenue stream. Situated in Butte County, this single-tenant retail center benefits from its location in Paradise, California, a rapidly growing city experiencing significant population expansion. The property's strategic location and established tenant base make it an attractive investment for those seeking a stable and high-performing retail asset in a thriving market. The center's survival of the fire and subsequent tenant improvements underscore its resilience and long-term potential. This is a rare opportunity to acquire a well-established, high-performing retail center in a dynamic and growing California community. The property offers significant upside potential given the ongoing growth of Paradise and the recent improvements made to the anchor tenant.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $650,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $580,000
- 6.5%
- $570,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $535,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $485,000
- Retail
- $490,000
- Mixed-Use
- $595,000
- Hospitality
- $450,000
- Educational
- $570,000
- Residential Income
- $535,000
- Energy
- $575,000
- Income-Based Land
- $560,000
- Food Service
- $470,000
Location Insight
- Map
- Local Demand
- City
- Paradise
- County
- Butte
- State
- California
- Longitude
- -121.589
- Latitude
- 39.7771
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
