575 East AVE 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
MLS Listing ID SN24192787
Year Built 1954
Annual Tax Amount $2,869
Tax Year 2024
Lot Size 9,147 Sqft
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
Zoning OR
Interior
Heating Fireplace(s),Wall Furnace
Cooling Wall/Window Unit(s)
Laundry None
Exterior
Fence Chain Link
Utilities Available Electricity Connected,Phone Connected,Sewer Connected,Water Connected,Overhead Utilities
Building
Lot Description 2-5 Units/Acre,Corner Lot,Level,Near Public Transit
Story 1
Water Public
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard