575 East Avenue Active Save Request In-Person Tour Request Virtual Tour
Chico,CA 95926
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $142
MLS Listing ID CRSN24192787
HOA Y/N No
Year Built 1954
Lot Size 9,148 Sqft
Acres 0.21
Property Description
*PRICE REDUCTION* 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
Area Listing
Zoning OR
Interior
Heating Wall Furnace,Other
Cooling Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected,Other
Total Parking Spaces 7
Building
New Construction No
Others
Tax ID 007080062000