575 East Avenue

Chico, CA 95926

PRICE REDUCED

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-$15,100 (-4.03%)

$359,900

List Price

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1954

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Property Description

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.

Listing Information

List Price $359,900
Status Active
MLS SN24192787
Type Commercial
Subtype Retail
Year Built 1954
Lot Size 9,148
Structure Size N/A
DOM 43
Courtesy Of Century 21 Select Real Estate, Inc.
Listing Agent Austin Barron DRE#02082721

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Austin Barron, Century 21 Select Real Estate, Inc. 5308944502. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 29th, 2024 at 7:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.