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2600 5th Avenue, Oroville, CA 95965

$525,000
Commercial Property MLS# CH17020942 ID: 43164515
$525,000 Get Rates

Fifth Avenue Storage is an excellent long-term investment property. There are three "retail/industrial" spaces near the front of the center. Two are currently occupied by a tire shop and the third is a storage/work space for a contractor. Behind these spaces is the storage portion of the center. With 26 storage units and a history of strong occupancy, the gross income for this property has been consistent. Most of the leases are considered to be below market and they are short-term so there is considerable upside available to a new investor.One long-term advantage to this property is that it is not far off Oro Dam Boulevard (Hwy 162), a major surface street through Oroville with up to 30,000 cars per day at some intersections. A brand new Walmart Supercenter is currently under construction and is expected to open in Spring of 2017. Fifth Avenue Storage is just around the corner from this new regional center which is expected to draw major traffic and it is directly on the path of travel that many people from the eastern portion of town will take. This will increase its visibility and should positively affect its long term value and leasability.

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Location Information near 2600 5th Avenue
Offered by Arwen Funk at Tracy Realty Co.

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Property Features for 2600 5th Avenue
Status
Market Status
Available
Last Updated
October 20, 2017
Description
Property Type
Commercial Property
Year Built
1983
Sq. Feet
12,560

Data Provided by California Regional Multiple Listing Service

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More information about this $525,000 Commercial Property at 2600 5th Avenue

This $525,000 Commercial Property at 2600 5th Avenue in Oroville, CA is presented by Arwen Funk. This $525,000 Commercial Property is located in the 95965 zip code. This 2600 5th Avenue Commercial Property, located in Butte County , is listed under MLS listing number CH17020942 and has a listing price of $525,000. You can find more OROVILLE homes for sale here.