$435,000
$449,500
3.2%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 03/15/2021
Key Details
Sold Price $435,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN20263122
Sold Date 03/15/21
HOA Y/N No
Year Built 1962
Annual Tax Amount $3,700
Tax Year 2020
Lot Size 0.320 Acres
Acres 0.32
Property Description
Time Square
Time Square in California! Don't miss a fantastic opportunity to own a strip of retail just north of Sacramento and 20 minutes to Chico! Time Square located in Oroville, CA is neighbors to a 76 gas station, Valero gas station, AAA, and several other hotels, and restaurants! Just a stone's throw from the 70 freeway entrance, it's located in close proximity to both people driving through and regular stable customers in the neighborhood. The tenants of this complex are diverse and consistent, including a smoke shop, AAA , restaurant, Barber shop, Bizbin online Auction and a small cottage located in the back of the complex, boasts its own courtyard, the perfect addition for a caretaker or property manager! The cap rate is currently about 10%!The building features a brand new roof, new exterior paint, 2 new HVAC, one new furnace, 3 new wall AC, new fixtures throughout including light fixtures, toilets & sinks. Almost all units have been remodeled...bye bye popcorn ceiling and outdated features!
This building is modern and well cared for.
Location
State CA
County Butte
Zoning Commercial
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central, Natural Gas
Cooling Central Air, Evaporative Cooling, Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Natural Gas Connected, Other, Sewer Connected
Roof Type Composition
Building
Lot Description 6-10 Units/Acre
Water Public
Others
Tax ID 012063012000
Security Features Smoke Detector(s)
Financing Cash
Special Listing Condition Standard
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Bought with Suke Sanghera • Exit Realty Consultants