7365 Lincoln Blvd, Oroville, California, 95968
New business idea? Live in residence & run restaurant while renting corner? Numerous possibilities here! Palermo, Ca 0.72 acre corner commercial lot with restaurant, residence & old gas station/service shop. Main retail corner/intersection in the small town of Palermo, Ca., on the Outskirts & just south of Oroville, Ca. North East Corner of intersection. Directly across from US Post Office, liquor store & caddie corner to newly remodeled Gas Station. Residence consists of 2 bedroom 1 bathroom at 636sf with long term tenant. Corner fenced in old service station with mechanics roll up doors, overhang & small retail area. Restaurant currently a Mexican Food Restaurant which is the only restaurant in the Palermo area. Continue what is here or revamp and make it your own. Great place for that individual looking to move to a small town from the hustle and bustle, open their own restaurant, retail venture, etc. The bones are here for something new & exciting. Give the buildings a much needed face lift to attract merchants, or replace with something that makes more sense. A few major name chains have approached seller in recent years past. Seller was not ready to sell, but has since decided to let the property hit the open market. 5 minutes to Highway 70. A few miles north into Oroville. 20 Minutes to Chico. About 1 hour & 15 minutes to Sacramento. Beautiful Lake Oroville, The Afterbay, The Forebay & Feather River all just minutes away for outdoor recreation, water sports, etc.
This location has been targeted by some major franchise players in recent years past due to its current location of minimal commercial lot opportunities. Seller was not ready to sell then, but now seller is ready to move on with their lives.