8,276 sqft

$615,000

1355 Washington, Oroville CA, 95965

Price per sqft$74.31

Built in1984

Property size8,276 sqft

Property typeCommercial

Listed by Sylvanna Steveson CA DRE# 02231557 with 1st Choice Realty & Associates Inc 530-720-4939

Overview

Active

Listed Oct 27, 2026

Updated 26h ago

1355 Washington Avenue is a net-leased drive-thru restaurant offered at $615,000, an 8.21% cap rate. The 1,495 SF single-story building was built in 2018 on a ±0.19-acre (8,276 SF) corner lot zoned NC (Neighborhood Commercial). It sits at a busy roundabout off Montgomery Street, near downtown Oroville. The building has a wrap-around drive-thru lane with a pickup window and a commercial kitchen with hood and Ansul fire suppression. It also has a walk-in cooler and central heat and air. It is leased to The Lamb and The Wolf on a new three-year lease through April 15, 2029. Rent is $4,500 a month plus $800 a month in CAM, for $63,600 in gross annual income and $50,496 in net operating income. With a newer building, a lease in place and a flood-safe FEMA Zone X site, it’s an easy-to-own income property for investors and 1031 exchange buyers.

Additional information

MLS^® ID: SN26231683

Interior Features

Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.19 Acres

Listed by Sylvanna Steveson CA DRE# 02231557 with 1st Choice Realty & Associates Inc 530-720-4939

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/29/2026. 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 10/29/2026 at 3:14 AM UTC Last Checked: 3:14 AM UTC