Building Details

Building Size 3,772 SF

Listing Agency: Egan Commercial & Industrial R k***@norcalemail.com Show Phone

Listed By: Kathryn Egan · License #01082784

Source: Elliman

Added: Mar 12 Changed: Aug 19 Last Checked: Aug 21 at 12:42PM

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Investment Insights

Based on property information with market context.

This upstairs office space is located in downtown Chico. It features five private office units, a large reception area or lobby, two restrooms, two utility closets, and a storage closet. The office has 10 ft ceilings and multiple windows providing natural light.

Key Highlights

• Prime downtown Chico location
• Five private office units
• Large reception area/lobby

Property Analytics

Property Profile

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store HVAC Service Furniture & Home Goods Carpet & Flooring Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

2,066

Businesses Nearby

Explore this area Business Placement

Demographics for 95928, CA

38,378

Population

17,455

Households

2.2

Avg Household Size

35

Median Age

41%

College-Educated

90%

High-School Grad

145.4 sq mi

ZIP Area

264

Density / Sq Mi

$65,350

Median Household Income

$32,615

Median Earnings

$1,419

Median Rent

$476,600

Median Home Value

Market

Lease Benchmarks for Chico, CA

$11.73 /SF/Yr

Avg Asking Price

$4.8–$16.8 /SF/Yr

Price Range

3,429 SF

Avg Space Size

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Office space in downtown Chico with private units.

Where is this office units located?

The property is located at 120 W 2nd St Chico, CA.

What is the lease rate?

The lease rate is $4,526/Mo.

What are key features of this property?

This property features: Prime downtown Chico location; Five private office units; Large reception area/lobby