Downtown Storefront with
166 East 2nd Street, Chico, CA 95928
For Sale
Contact for pricing
The occupied space combines character finishes with alley access for loading in downtown Chico.
Property Size5,586 SF
Price / SF$228.25
Days on Market11
Property Features for 166 East 2nd Street
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Tenant in Place
Amenities
large display windows
exposed brick walls
natural light from multiple skylights
alley access
Listing Agency:
Capital Rivers Commercial
Listed By:
Carrie Welch · License #01926238
(530) 570-5107
Source:
Crexi
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 5:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Rivers Commercial
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Investment Insights
Based on property information with market context.
This 5,586-square-foot storefront is leased under a five-year term with two additional five-year renewal options. Large display windows, exposed brick, and several skylights shape the interior. Alley access supports loading at the rear, and a separate rear parking lot may be purchased with the property or separately.
The building is across from a public parking lot in downtown Chico, among shops, restaurants, and services. Its setting offers pedestrian activity and access to major city routes.
The building is across from a public parking lot in downtown Chico, among shops, restaurants, and services. Its setting offers pedestrian activity and access to major city routes.
Key Highlights
- Approximately 5,586 square feet of storefront space
- Fully leased on a 5‑year term with two 5‑year renewal options
- Display windows, exposed brick walls, and multiple skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,100
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,000
$1.4M
Cap Rate 7%
$987,143
$987.1K
Cap Rate 9%
$767,778
$767.8K
Market Conditions
NOI Build-Up for 5,586 SF
Gross rent
$104.6K $18.72/SF
− Vacancy
−$5.9K −$1.05/SF
EGI
$98.7K $17.67/SF
− OpEx
−$29.6K −$5.30/SF
NOI
$69.1K $12.37/SF
Area
Chico, CA
Vacancy
5.60%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,382,000
Cap Rate 7%
$987,143
Cap Rate 9%
$767,778
Alternative Uses
Best Use
Retail
$987.1K
$863.8K – $1.15M
NOI $69,100 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$986.9K – $1.32M
NOI $78,950 @ 7.0% cap · market cap 6.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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- Bloose Flower Delivery Chico CA — 752 Buttonwillow Ln, Chico, CA 95926
Frequently Asked Questions
What type of property is this?
Storefront property - The occupied space combines character finishes with alley access for loading in downtown Chico.
Where is this storefront property located?
The property is located at 166 East 2nd Street Chico, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Approximately 5,586 square feet of storefront space; Fully leased on a 5‑year term with two 5‑year renewal options; Display windows, exposed brick walls, and multiple skylights
