1355 Washington Avenue, Oroville, CA, CA 95965
- $771,500
- List Price
- $771,500
- Status
- ACTIVE
- MLS#
- SN26087418
- County
- Butte
- Year Built
- 2018
- Square Feet
- 1,495
- Lot Size (acres)
- 0.19
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 97
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
This is an exceptional investment opportunity featuring a fully equipped, turn-key drive-thru restaurant in a high-traffic Oroville location. Positioned on a busy roundabout connecting two major thoroughfare, providing direct access into downtown Oroville, this property benefits from outstanding visibility, easy ingress/egress, and a steady flow of traffic. The property is currently leased to a tenant who has recently signed a new three-year lease, offering immediate and stable income with an attractive projected 8% cap rate. Designed for efficiency and versatility, the building includes a convenient drive-thru window, a fully equipped commercial kitchen with hood and Ansul fire suppression system, and a walk-in cooler. The layout supports takeout, drive-thru operations and limited dine-in options, meeting the strong and consistent demand for quick-service dining options. With its prime location, strong traffic counts, and turnkey setup, this property presents an ideal opportunity for investors seeking reliable returns and long-term upside in a growing market.
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Additional Information
- Parcel Number
- 013030010000
- Lot Features
- 0-1 Unit/Acre
- Water
- Public
Listing courtesy of Listing Agent: Kimberly Shaffer (kimsellschico@gmail.com) from Listing Office: Century 21 Select Real Estate, Inc..
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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.