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2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
2620 5th
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Listed by Scott Perkins with Scott Perkins Realty 530-864-1520
$1,750,000

2620 5th

40,000 Sq.Ft. 3.78 Acres

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? Let's discuss the option of the seller renting 10-20K sf while finding a tenant for the other 1/2. FYI - the building has a full partition wall with 14' roll up splitting the building in 1/2. 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.

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Location

2620 5th, Oroville, CA 95965

Status

For Sale
Scott Perkins

Scott Perkins

TITLE

Broker Owner

LICENSE

01856419

Property Amenities

Interior
Laundry room None
Area & Lot
Total area 40,000 Sq.Ft.
Lot Area 3.78 Acres
Living area 40,000 Sq.Ft.
MLS® ID OR25252422
Year Built 1978
Type Commercial
Status For Sale
Exterior
Stories 1
Water Source Public
Lot Features Rocks
Finance
Sales Price $1,750,000
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