For Lease
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Property summary
This exceptional 2,000-square-foot executive office space in Chico, CA, presents a unique investment opportunity. Located at 1625 Mangrove Ave, between 6th & 7th Ave, this single-tenant property boasts a prime location within a newly renovated gas station and car wash complex. The building, constructed in 1999 and extensively renovated in 2024, offers high visibility from Mangrove Avenue, situated next to established businesses like Cozy Dinner, O'Reilly's Auto Parts, and Pep Boys. This Class C building features one story and is situated on a single lot (APN: 003413029000) in Butte County. The entire 2,000 square feet is currently vacant and available for immediate occupancy. Tenant improvements may be available for qualified tenants. The modified gross lease structure simplifies occupancy costs, offering a predictable and convenient lease arrangement. This property's strategic location within a high-traffic area, coupled with the added draw of a new car wash and modern gas pumps, presents a significant opportunity for businesses seeking high visibility and consistent customer flow. The property is ideal for a variety of retail uses, capitalizing on the foot traffic generated by the gas station and car wash. This is a rare chance to secure a thriving location in a busy Chico commercial corridor.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
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Car Wash
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Car Wash
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C1 · Chico, CAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C1 in Chico, CA.
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