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    230 W 2Nd St Chico, CA 95928

    For Sale
    $1,950,000

    Commercial Sale - Chico, CA

    Property size:
    9,768 SF
    Days on Market:
    628
    Last Refresh:
    Dec 13 at 9:06 am

    Property Features for 230 W 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    004052008000
    Size
    9,768 SF

    Building Details

    Year built
    1906
    Architectural style
    Other

    Keller Williams Realty Chico Area (530) 809-3700 [email protected]

    Listing agent Alisha Simpkins (530) 809-3700 License #01772692

    Listing date Mar 26, 2024

    MLS# SN24053933 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic El Rey Theater For Sale

    The El Rey Theater, formerly known as the Majestic Theatre, The National, and The American, is available for purchase. This historic theater, originally commissioned by the Chico Elks Lodge in the Spring of 1903, first opened its doors in 1906 as the home of the Chico Elks Lodge 423. The first floor was leased to the Majestic Theatre Company, which opened The Majestic Theater in Spring of 1906. The current owners began renovating and restoring the theater in 2017, investing in new sound, lighting, and a high-definition LED video wall production. The El Rey has become a popular performance and event venue, and further renovations could expand income potential. The property includes two additional street-facing suites, one configured as a food and beverage store and the other as a retail store, offering additional income opportunities. The 9768 square foot El Rey Theater has provided community performance and cinema space for the city of Chico and serves as a historic landmark in the downtown cityscape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Rey Theater Live Music Venue

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8419457
    Latitude
    39.7295088

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    FAQs

    What type of property is this?
    Theater & concert hall - Historic Chico theater and retail spaces with income opportunities.
    Where is this theater & concert hall located?
    The property is located at 230 W 2Nd St Chico, CA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Historic El Rey Theater: A landmark in downtown Chico.; - State-of-the-Art Upgrades: Renovated in 2017 with new sound, lighting, and a high-definition LED video wall.; - Income Potential: Established performance and event venue with potential for expanded income.
    (530) 809-3700
    Request Owner's contact information
    230 W 2Nd St Chico, CA 95928
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    Chico, CA 95928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    230 W 2Nd St Chico, CA 95928
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