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615 Mangrove, Chico
$2,395,000
SN26207822 MLS ⋅ Active Status
Invest in quality! 615 Mangrove Avenue is a Class A retail investment property in one of Chico’s most prominent commercial locations. As part of The Shops at Mangrove, the property combines attractive contemporary architecture, exceptional visibility and a high-profile location. The 8,174-square-foot building is home to a strong mix of tenants, including the newly opened Nation’s Giant Hamburgers, Top Notch’z Nails & Spa and the legendary Mink Speakeasy Tattoo Studio. The Shops at Mangrove occupies a highly visible gateway location serving Downtown Chico and Chico State University, with strong daily traffic and excellent exposure. The center is directly across from Bidwell Park and near Chico High School, Chico Junior High School and the U.S. Post Office, with a Safeway-anchored shopping center and Chipotle directly across the intersection. Designed with more character than a typical strip center, The Shops at Mangrove offers an inviting town-plaza atmosphere with pedestrian walkways, bicycle parking and outdoor seating areas. This is an excellent opportunity to acquire a quality retail investment in a highly recognizable Chico location.

615 Mangrove, Chico

605 Mangrove Avenue, Chico
$1,495,000
SN26207812 MLS ⋅ Active Status
Now is your chance to invest in a first class commercial retail center at a great price. The Shops at Mangrove is a clean, modern commercial center, offering an investor an excellent return on investment (ROI). 605 Mangrove consists of two buildings (Four End Caps!) with beautifully designed architecture, both on a high traffic corner with some of the best signage in town. Currently there are five retail units for a total of 11,392 square feet. Tenants include Genkai Sushi, Green Light Fitness, Jersey Mikes and Noodle House. This is a high profile gateway corner to Downtown Chico and Chico State University, and a daily needs drive by location. The center is located across from Bidwell Park and near Chico High School, Chico Junior High School, Post Office and across from Chipotle and Safeway anchored shopping center. The Shops at Mangrove offers a town plaza feel with strolling walkways, bicycle parking and outdoor seating areas. The improvements are situated on ground-leased land, creating an opportunity to acquire a quality retail shopping center investment at a substantially lower purchase price than would typically be required for a comparable shopping center property. This structure provides an attractive lower barrier to entry for investors seeking retail real estate ownership, established tenancy and a high-profile location.

605 Mangrove Avenue, Chico

1417 Mangrove Avenue, Chico
$575,000
SN26155814 MLS ⋅ Active Status
Three-tenant retail building prominently positioned along Mangrove Avenue. The property is configured into three separately metered units: 1411 Mangrove Avenue, a 600 SF suite occupied by Pet Couture since 2010, month-to-month term; 1413 Mangrove Avenue, a 1,000 SF suite occupied by Phyzique Gym since 2016, month-to-month term; and 1417 Mangrove Avenue, a 1,200 SF vacant restaurant space formerly built out and operated by Pizza Hut. The restaurant suite offers substantial existing infrastructure, including a walk-in refrigerator and freezer, Type I and Type II hoods, multiple sinks, a high-capacity water heater, oversized HVAC systems, and ample electrical power. The space presents a strong opportunity for a restaurant, catering operation, commissary kitchen, or similar owner-user. With two established tenants in place and a well-improved vacant suite, the property is well suited for an investor seeking additional upside or an owner-user looking to offset occupancy costs with rental income. Additional features include front and rear parking, prominent pole and façade signage, newer mini-split HVAC systems, and separately metered gas and electricity.

1417 Mangrove Avenue, Chico

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.

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