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 ½. FYI - the building has a full partition wall with 14’ roll up splitting the building in ½. 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.