Second-Story Retail
For Sale
Contact for pricing
240 Main Street #220, Chico, CA 95928
An open layout combines hardwood floors with two private offices and a dedicated storage area.
Property Size1,600 SF
Price / SF$1.75
Days on Market30
Property Features for 240 Main Street #220
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Business
Amenities
open floor plan
hardwood flooring
bay windows
panoramic views
private offices
restroom
storage area
elevator
display case
Building Details
Year Built
1900
Listing Agency:
NextHome North Valley Realty
(530) 402-4411
Listed By:
Lisa Barsuglia · License #02070716
(530) 570-9522
Source:
Pinpointrealtors
Added: Oct 6
Changed: Nov 3
Last Checked: Nov 3 at 8:35AM
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 NextHome North Valley Realty
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Investment Insights
Based on property information with market context.
This 1,600-square-foot second-story retail space has an open floor plan, hardwood flooring, bay windows, two private offices, a restroom and a large storage area. Access is available by stairs or elevator. The building dates to 1900.
At 240 Main Street #220, the space sits at the corner of 3rd and Main Street in Downtown Chico, above Woodstock’s Pizza. A display case on the ground floor provides an additional place to showcase merchandise or information.
At 240 Main Street #220, the space sits at the corner of 3rd and Main Street in Downtown Chico, above Woodstock’s Pizza. A display case on the ground floor provides an additional place to showcase merchandise or information.
Key Highlights
- 1,600 square feet on the second story
- Open floor plan with hardwood flooring and bay windows
- Two private offices, a restroom and a large storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,792
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,840
$395.8K
Cap Rate 7%
$282,743
$282.7K
Cap Rate 9%
$219,911
$219.9K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$30.0K $18.72/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$28.3K $17.67/SF
− OpEx
−$8.5K −$5.30/SF
NOI
$19.8K $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%
$395,840
Cap Rate 7%
$282,743
Cap Rate 9%
$219,911
Alternative Uses
Best Use
Retail
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 706.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.1K
$282.7K – $376.9K
NOI $22,614 @ 7.0% cap · market cap 807.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,061
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Retail space - An open layout combines hardwood floors with two private offices and a dedicated storage area.
Where is this retail space located?
The property is located at 240 Main Street #220 Chico, CA.
What are key features of this property?
This property features: 1,600 square feet on the second story; Open floor plan with hardwood flooring and bay windows; Two private offices, a restroom and a large storage area
