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Sherry Ramos

sherry.ramos@engelvoelkers.com +1(818) 429-2793

$ 359,900

Est. payment -/mo

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Price Dropped by $15K

575 East AVE Chico, CA 95926

2,390 SqFt

UPDATED:

10/29/2024 07:02 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 2,390 sqft

Price per Sqft $150

MLS Listing ID SN24192787

HOA Y/N No

Year Built 1954

Annual Tax Amount $2,869

Tax Year 2024

Lot Size 9,147 Sqft

Property Description

Presenting 575 East Avenue, a prime 4-unit retail building located on a prominent corner at the intersection of East Avenue and El Paso Way. This property boasts excellent visibility and high-traffic exposure, making it an ideal investment opportunity for those looking to establish a presence in a bustling commercial area. This key location attracts a diverse customer base and offers tenants access to a steady stream of potential customers from its high visibility location, the adjacent walkable neighborhood, and even public transit stops located across El Paso Way. Recently remodeled and currently undergoing interior improvements, this building offers a blend of modern updates and strong potential for income growth. Two of the four units are currently occupied at recently increased rents, providing immediate cash flow. The remaining two units are vacant and actively listed at market rents, offering an opportunity to further increase the property's income potential.

Location

State CA

County Butte

Zoning OR

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Heating Fireplace(s), Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Laundry None

Exterior

Fence Chain Link

Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities

Present Use Commercial

Total Parking Spaces 7

Building

Lot Description 2-5 Units/Acre, Corner Lot, Level, Near Public Transit

Story 1

Water Public

Others

Tax ID 007080062000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Listed by Austin Barron • Century 21 Select Real Estate, Inc. • 5305884538

Sherry Ramos

Advisor | License ID: 01271018

+1(818) 429-2793

Sherry Ramos

575 East AVE Chico, CA 95926

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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575 East AVE