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2620 5th , Oroville, CA 95965
Priced at Only: $1,750,000
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Address: 2620 5th , Oroville, CA 95965
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  • MLS#: OR25252422 ( Industrial )
  • Street Address: 2620 5th
  • Viewed: 1
  • Price: $1,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 0
  • Days On Market: 32
  • Additional Information
  • County: BUTTE
  • City: Oroville
  • Zipcode: 95965
  • Provided by: Scott Perkins Realty
  • Contact: Scott Scott
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    40,000 square feet for $1.75 million is a bargain! Add nearly 4 acres & it becomes a super bargain!! Location Location Location All of the above in a prime industrial/commercial area just a few blocks from the freeway makes this a great business decision!!! Just considering the building (without a land value) Price per square foot = $43.75. Building replacement cost alone is $150/sf or $6M. 3.75+ acres of prime real estate comps as high as $750K. Discount replacement by 50% $6M+$750K/2=$3.375M, making a $1.75M acquisition an amazing investment opportunity. Looking for rental income? Lets discuss the option of the seller renting 10 20K sf while finding a tenant for the other . FYI the building has a full partition wall with 14 roll up splitting the building in . Need more incentive? Insulated roof, water, power, heavy slab, paved & access to both 5th Avenue & 7th Avenue (making it ideal for logistics). Being in close proximity to Hwy 162/Oro Dam Blvd. in the commercial & restaurant heart of Oroville, an indoor sports complex to rival those in Roseville might be a great idea.? Then pave the acreage for parking + food trucks bringing in additional daily rental + event day support. Truck Shop with plenty of potential truck parking. Add a common restroom & build multiple suites to develop a commercial mall. I can keep going but the point is made this property has a lot of opportunity & the price is right.
Features
Building Area Total
  1. 40000.00
Commoninterest
  1. None
Country
  1. US
Land Use
  1. Industrial
  2. Other
Laundry Features
  1. None
Parcel Number
  1. 035380051000
Property Type
  1. Industrial
Water Source
  1. Public
Year Built
  1. 1978
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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