Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    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 4:06 pm

    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

    Nearby Similar for Sale

    • $1,295,000
      16,722 SF

      Versatile Church Facility with Duplex

      15,000 sq ft church with duplex on 2.3 acres.
      355 Panama Ave, Chico, CA 95973
      View Details
    • $620,000
      2,756 SF

      Chico Live-Work Opportunity

      Unique property with home and manufacturing zoning in Chico, California.
      406 Panama Ave, Chico, CA 95973
      View Details
    • $575,000
      2,157 SF

      Updated Duplex in Desirable Neighborhood

      Updated duplex perfect for investors or owner-occupants in Chico.
      465 Waterford Dr, Chico, CA 95973
      View Details
    • $595,000
      1,040 SF

      Chico Commercial Property with Shop

      Versatile commercial property featuring office space and extensive shop capacity.
      199 East Shasta Ave, Chico, CA 95973
      View Details
    • $999,000
      2,755 SF

      Chico Commercial/Residential Income Opportunity

      Two homes on a corner lot, ideal for Airbnb rentals.
      1050 Esplanade, Chico, CA 95926
      View Details
    • $2,750,000
      15,000 SF

      Downtown Chico Hotel Investment Opportunity

      36-room hotel in downtown Chico with high visibility.
      725 Broadway St, Chico, CA 95928
      View Details

    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
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    230 W 2Nd St
    Chico, CA 95928
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.