19,531 sqft

$1,950,000

605 -615 Mangrove Avenue, Chico CA, 95926

Price per sqft$99.84

Built in2007

Property size19,531 sqft

Property typeCommercial

Bought with Michael Donnelly with Commercial Brokers of California and Listed by Michael Donnelly CA DRE# 01429436 with Commercial Brokers of California 530-828-0011

Overview

Sold

Closed

Listed May 18, 2023

Updated 3 weeks ago

The MOTHER OF ALL PRICE REDUCTIONS. REDUCED BY $700,000. MAKE OFFER NOW! The Shops at Mangrove are located in the heart of Chico at the gateway to downtown and California State University, Chico. This is one of the city's most attractive retail centers directly across from Chipotle, Rite Aid and the Safeway anchored Park Plaza Shopping Center. This is a daily needs drive by location at the corner of Mangrove & Vallombrosa, with a combined traffic count of more than 35,000+ vehicles per day. Within walking distance to Chico Junior High, Chico State and Chico High School. The center consists of three separate buildings on two parcels. Two of the buildings at 605 Mangrove (Parcel 003-210-018) are a leasehold interest with a long term ground lease. The third building at 615 Mangrove (Parcel 003-210-019) is on a fee parcel. The ground lease has approximately 41 years of control remaining including options. The leasehold interest vs fee ownership allows an investor to own a newer quality center at a higher than average cap rate compared to comparable quality assets in California.

Additional information

MLS^® ID: SN23086931

Interior Features

Basement: No

Exterior Features

Lot Size: 1.82 Acres

Bought with Michael Donnelly with Commercial Brokers of California and Listed by Michael Donnelly CA DRE# 01429436 with Commercial Brokers of California 530-828-0011

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:23 AM UTC Last Checked: 1:23 AM UTC