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31871665
31871666

2161 Feather River Boulevard, Oroville, CA 95965 For Sale

KS
01415693
Century 21 Select Real Estate Chico
Listed by Century 21 Select Real Estate Chico
$899,000
87 days on market
Updated 5 days ago
Opportunity zone

2161 Feather River Boulevard

Details
APN 035240029000
Property Type Retail, Mixed Use
Sub Type Restaurant, Drive thru
Square Footage 1,406
Units 2
Cap Rate 8.00%
Occupancy 100%
Tenancy Multi
Price per SqFt $639
Class C
Year Built 1963
Buildings 1
Acreage 0.930
Zoning C2
Investment Type Net Lease
Ground Lease No
Sale Condition N/A

Prime investment opportunity in a growing Oroville corridor!

Marketing description

This income-producing property is home to a well-established and popular taqueria, offering immediate cash flow with an attractive 8% cap rate. Situated on a generous 0.93-acre lot, the property provides significant upside potential for future development. The existing structure features a commercial space currently occupied by the restaurant, along with a small apartment in the rear, ideal for additional rental income or owner occupancy. The expansive lot behind the building could be developed, presenting a rare chance to expand and maximize returns. Preliminary plans on an expanded drive though have already been done. Strategically located in an up-and-coming area with strong national tenancy positioned directly across from Applebee’s and Dutch Bros this property benefits from excellent visibility, traffic, and continued growth in the surrounding area. Whether you’re looking to expand your portfolio or capitalize on future development, this versatile property offers both stable income and long-term potential.

Listing Contacts

KS
01415693
Century 21 Select Real Estate Chico
Listed by Century 21 Select Real Estate Chico

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