760 Safford St Oroville, CA 95965-4516
- Warehouses
- 2,400 SF
- 0.83 lot acres
Current Use by Public Records
- Vibe Grill and Pub at Purple Line Winery / Restaurant
Property Details for 760 Safford St
- Year built
- 1953
- Lot size
- 0.83 lot acres
- Property size
- 2,400 SF
- Zone code
- R2
- Property type
- Warehouses
- APN
- 012-290-011-000
- APU
- 12290011000
Description
This exceptional special-purpose property in Oroville, CA, presents a lucrative investment opportunity. Priced at $749,999, this expansive venue is ideal for diverse events, including weddings, concerts, reunions, and sporting events. The property boasts a custom-built gazebo accommodating up to 70 guests, complete with a dance floor, power outlets, and bistro lights. Multiple outdoor amenities include a deep-pit BBQ, private stamped-concrete patios, four bocce ball courts, and custom outdoor lighting. The entire property is securely fenced with two custom gates. Two RV spaces, each with power, water, and sewer hookups, are situated on a fully fenced blacktop area with shared lawn and garden plantings. Two shipping containers are conveniently located on concrete pads. A well provides water for the entire property. Mature landscaping and timed sprinklers enhance the property's aesthetic appeal. The main building features two distinct spaces. Space #1, at 800 square feet, includes an oversized mahogany Craftsman-style entry door, a bar sink with garbage disposal and stainless steel counters, cabinets, a separate water heater, a large bar with built-in plugs and shelving, a dishwasher, and an ADA-compliant bathroom. French doors provide access to a fully fenced outdoor area. Space #2, accessible via double French doors, is currently used as a barrel room/dining room and includes another ADA bathroom. A commercial roll-up door provides access to the rear of the building, patios, and a second warehouse. Two mini-splits provide cooling. A second warehouse, built in 2020, offers 1200 square feet of space, a 300-square-foot covered patio with lighting, an ADA restroom, R-30 insulation, and a 14-foot high ceiling in the storage area. This warehouse also includes a laundry room, storage room, sink, mop sink, and an ADA bathroom accessible from both the warehouse and the outside. The property includes a dedicated food preparation area. This turnkey event venue offers endless possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $820,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $630,000
- 6.5%
- $690,000
- 7%
- $595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $730,000
- Geo Method
- $720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $740,000
- Retail
- $640,000
- Mixed-Use
- $635,000
- Hospitality
- $680,000
- Educational
- $575,000
- Residential Income
- $585,000
- Energy
- $680,000
- Income-Based Land
- $575,000
- Food Service
- $675,000
Location Insight
- Map
- Local Demand
- City
- Oroville
- County
- Butte
- State
- California
- Longitude
- -121.568
- Latitude
- 39.5111
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
