CA > Chico
Chico, CA 95926,605 Mangrove Avenue
Chico, CA 95926,605 Mangrove Avenue
Chico, CA 95926,605 Mangrove Avenue
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Listed by Michael Donnelly • Coldwell Banker C&C Properties
$2,999,000
Est. payment /mo
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19,531 SqFt
Active

605 Mangrove Avenue Chico, CA 95926

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Kenneth Er

Kenneth Er

+1(510) 828-8572

UPDATED:

01/23/2025 03:22 AM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 19,531 sqft

Price per Sqft $153

MLS Listing ID CRSN23086931

HOA Y/N No

Originating Board Datashare California Regional

Year Built 2007

Lot Size 1.820 Acres

Property Description

The MOTHER OF ALL PRICE REDUCTIONS. REDUCED BY $700,000. MAKE OFFER NOW! The Shops at Mangrove are located in the heart of Chico at the gateway to downtown and California State University, Chico. This is one of the city's most attractive retail centers directly across from Chipotle, Rite Aid and the Safeway anchored Park Plaza Shopping Center. This is a daily needs drive by location at the corner of Mangrove & Vallombrosa, with a combined traffic count of more than 35,000+ vehicles per day. Within walking distance to Chico Junior High, Chico State and Chico High School. The center consists of three separate buildings on two parcels. Two of the buildings at 605 Mangrove (Parcel 003-210-018) are a leasehold interest with a long term ground lease. The third building at 615 Mangrove (Parcel 003-210-019) is on a fee parcel. The ground lease has approximately 41 years of control remaining including options. The leasehold interest vs fee ownership allows an investor to own a newer quality center at a higher than average cap rate compared to comparable quality assets in California.

Location

State CA

County Butte

Interior

Fireplace No

Building

Water Public

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Kenneth Er

Agent | License ID: 01942269

+1(510) 828-8572

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