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    FOR SALE
    Office buildings

    2360 Oro Quincy Hwy, Oroville, CA 95966-5226

    1,940 SF 0.64 ac lot Built 1977
    Individually Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US09-3103041
    Property summary
    AI-generated overview

    This exceptional Oroville investment opportunity presents a 1,940 square foot building situated on a 0.64-acre lot within city limits. Currently leased at $1,700 per month until September 2025, this property offers immediate rental income while providing significant long-term development potential. The building, constructed of steel, features a paved parking lot with city-approved landscaping, curbs, and gutters. Its current configuration suits a martial arts studio, including a large main room, a smaller weight room, storage, and a bathroom. However, its adaptable layout, previously including a lobby and offices, allows for diverse business uses. The "Mixed-use" zoning permits a wide range of commercial ventures. Benefit from high visibility on Oro Quincy Highway, with proximity to a large apartment complex and Oroville Hospital. This property's unique value proposition is enhanced by the availability of three adjacent lots (sold separately, but with a potential discount when purchased together), presenting a compelling opportunity to expand the investment or develop additional income streams. This is a rare chance to acquire a profitable rental property with significant upside potential for future development.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1977
    Total area 1,940 SF
    Lot 0.64 ac (27,878 SF)
    Zoning code C1
    APN 013-290-044-000
    UPID US09-3103041
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Melissa Hallett · 4 yrs held
    Melissa Hallett
    since 2022
    Last sale
    $199,000
    2 recorded transactions
    2022
    $199,000
    2015
    Zoning & alternative use
    C1 · Oroville, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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