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353 E 2nd Street

Chico, CA 95928
  • $945,000
  • STATUS: Pending
  • ON SITE: 253 days
  • ID#: SN20237478
Pending
UPDATED: 26 min ago
$945,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,812
    SQFT
  • $139
    $/SQFT
Type:
Commercial
County:

School Ratings & Info

Description

Welcome to the beautiful, downtown Chico- the City of Trees. Up for sale for the first time in over 20 years is the iconic Chico News and Review building. This two story building consists of several offices- most with lovely views of downtown Chico through the upgraded windows, conference rooms, 4 total bathrooms, large open areas, plenty of storage, and a basement. Fiber optic internet available & security alarm installed. The property's water source is a well that has tested free from contaminants in the near past with Cal Water hook ups available in the street. The property includes a private parking lot and plenty of on street parking options including a large public parking lot across the street on Flume which is host to the bustling Saturday morning Farmer's Market which brings lots of great foot traffic. Your daily exposure for your signage is enhanced with the new round about the city put in to accommodate the heavy traffic flow. The building had previously served as a mixed- commercial/ residential property with multi residential units on the top floor prior to being converted to fully commercial. Lots of options available for the potential buyers. The building is partially tenant occupied but can offer an owner occupant buyer the option to purchase and occupy all or part of the space. For the investor-buyer, the pro-forma CAP rate for this building is approximately 8%. Give us a call for more information, to request the floor plans, or to schedule a showing.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-04T20:25:59.753. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/112171397
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353 E 2nd Street Chico, CA 95928

  • Price: $945,000
  • Status: Pending
  • Updated: 26 min ago
  • ID#: SN20237478
0
Beds
0
Baths
0
½ Baths
0.19
Acres
6,812
SQFT
$139
$/SQFT
County:
Butte
Property Description
Welcome to the beautiful, downtown Chico- the City of Trees. Up for sale for the first time in over 20 years is the iconic Chico News and Review building. This two story building consists of several offices- most with lovely views of downtown Chico through the upgraded windows, conference rooms, 4 total bathrooms, large open areas, plenty of storage, and a basement. Fiber optic internet available & security alarm installed. The property's water source is a well that has tested free from contaminants in the near past with Cal Water hook ups available in the street. The property includes a private parking lot and plenty of on street parking options including a large public parking lot across the street on Flume which is host to the bustling Saturday morning Farmer's Market which brings lots of great foot traffic. Your daily exposure for your signage is enhanced with the new round about the city put in to accommodate the heavy traffic flow. The building had previously served as a mixed- commercial/ residential property with multi residential units on the top floor prior to being converted to fully commercial. Lots of options available for the potential buyers. The building is partially tenant occupied but can offer an owner occupant buyer the option to purchase and occupy all or part of the space. For the investor-buyer, the pro-forma CAP rate for this building is approximately 8%. Give us a call for more information, to request the floor plans, or to schedule a showing.
Exterior Features

Lot Features Corner LotNear ParkNear Public TransitWalkstreet Sign On Property YN Yes

Interior Features

Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Park Inclusions Possible Office Furniture Up For Negotiation. Land Lease YN No Laundry Features None Lease Considered YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Property Sub Type Office Security Features PrewiredSecurity System Special Listing Conditions StandardTrust Utilities Cable ConnectedElectricity ConnectedPhone AvailableSewer Connected Water Source Well

Listing provided courtesy of Elisa Logan of Century 21 Select Real Estate, Inc. and Candace Andel of


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-04T20:25:59.753. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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