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(626) 893-2817
Gilbert Garcia
2075 Baldwin, Oroville, CA 95966
- $2,207,767
- List Price
- $2,207,767
- Status
- ACTIVE
- MLS#
- SN26231690
- Year Built
- 1946
- Lot Size
- 52,708
- Acres
- 1.21
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 7
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
2075 Baldwin Avenue is a 100% occupied mixed-use investment property offered at $2,207,767, an 8.20% cap rate. It has 12,179 SF of building area on ±1.21 acres (52,708 SF) zoned C-2 (Intensive Commercial). The site is next to the new Hewitt Park, off Myers Street and Baldwin Avenue, and sits in a federal Qualified Opportunity Zone (Census Tract 28). The property combines three income streams on one parcel: Parkview Daycare: 4,130 SF, built new in 2019, leased through March 2029. A work training center: 4,935 SF of office space remodeled in 2019. Five one-bedroom apartments: built new in 2019. Together they produce $209,939 in gross annual income and $181,037 in net operating income. Diversified tenants, newer improvements and Opportunity Zone tax potential make it a strong fit for investors and 1031 exchange buyers.
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Additional Information
- Heat
- Central
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Sylvanna Steveson (commercial@vannacre.com) from Listing Office: 1st Choice Realty & Associates Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.