Iconic Bar and Restaurant
177 E 2nd St, Chico, CA 95928
For Sale
Contact for pricing
Downtown Chico bar and restaurant with real estate for sale.
Property Size3,504 SF
Price / SF$306.79
Days on Market259
Property Features for 177 E 2nd St
General Information
Standard status
Size
Class
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Century 21 Select Real Estate Chico
Listed By:
Kimberly Shaffer · License CA #01415693
(530) 680-7685
Source:
Crexi
Added: Feb 26
Changed: Aug 8
Last Checked: Aug 25 at 9:56AM
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 Century 21 Select Real Estate Chico
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Investment Insights
Based on property information with market context.
This prime investment opportunity is located in downtown Chico, near California State University, Chico. The property features an iconic bar and restaurant that has been in operation for over 40 years. Both the building and business assets are available for sale. The first floor has been extensively renovated with quality and attention to detail. The redesigned bar and dining space has a 99-person capacity and an exceptional layout. Features include a well-designed bar, street-side patio seating, a full commercial kitchen, a dedicated dishwashing area, walk-in refrigeration, a unique living wall, and custom handmade tables. The sale includes a Type 47 liquor license, as well as all furniture, fixtures, equipment, and inventory. The business name is not included in the sale. The upstairs area has undergone major improvements and is thoughtfully redesigned for functional office space. Finish work remains, offering an opportunity for an owner-user to create their own style or complete the space for additional rental income. There is ample office space to accommodate both owner use and rental income potential. The property is conveniently located near the City of Chico parking lot, with additional street parking directly in front. The property size is 3504 square feet.
Key Highlights
- Prime downtown Chico location, blocks from California State University, Chico.
- Includes a valuable Type 47 liquor license.
- Extensively renovated first‑floor bar and restaurant with 99‑person capacity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,441
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,820
$928.8K
Cap Rate 7%
$663,443
$663.4K
Cap Rate 9%
$516,011
$516.0K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$65.6K $18.72/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$61.9K $17.67/SF
− OpEx
−$15.5K −$4.42/SF
NOI
$46.4K $13.25/SF
Area
Chico, CA
Vacancy
5.60%
Lease Rate
$18.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,820
Cap Rate 7%
$663,443
Cap Rate 9%
$516,011
Alternative Uses
Best Use
Specialty Retail
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 4.32%
Second Best
Retail
$619.2K
$541.8K – $722.4K
NOI $43,345 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$707.5K
$619.1K – $825.4K
NOI $49,524 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Well-served
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Taps Bar & Grill — 407 Walnut St, Chico, CA 95928
- Oasis Bar and Grill — 1007 W 1st St, Chico, CA 95928
- Joe's Bar — 749 W 5th St, Chico, CA 95928
- Riley's — 702 W 5th St, Chico, CA 95928
- Beer Lobo — 800 Broadway St, Chico, CA 95928
Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown Chico bar and restaurant with real estate for sale.
Where is this bar & pub located?
The property is located at 177 E 2nd St Chico, CA.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Prime downtown Chico location, blocks from California State University, Chico.; Includes a valuable Type 47 liquor license.; Extensively renovated first‑floor bar and restaurant with 99‑person capacity.
