2600 5th Avenue

    Oroville, CA 95965
    • $525,000
    • STATUS: Active
    • ON SITE: 561 days
    • ID#: CH17020942
    UPDATED: 38 min ago
    $525,000
    • 0
      BEDS
    • 0.96
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,560
      SQFT
    • $42
      $/SQFT
    Type:
    Commercial
    Built:
    1983
    County:

    School Ratings & Info

    Description

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T15:35:02.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.dscvrproperties.com/homes/69557375

    2600 5th Avenue Oroville, CA 95965

    • Price: $525,000
    • Status: Active
    • Updated: 38 min ago
    • ID#: CH17020942
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.96
    Acres
    12,560
    SQFT
    $42
    $/SQFT
    1983
    Built
    County:
    Butte
    Property Description
    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.
    Exterior Features

    Lot Features Level With Street Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Exclusions Personal Property Of Tenants Investment Property YN Yes Land Use IndustrialOtherRetail Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Mixed Use Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Arwen Funk of Tracy Realty Co. and Orville Tracy of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-17T15:35:02.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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