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    118 East Ave Chico, CA 95973

    For Lease
    $21 SF/Yr

    Prime Chico location, 3 spaces available.

    Lot size:
    4,837 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional retail investment opportunity presents three available spaces within the highly sought-after Chico Town & Country Shopping Center, located at 118 W East Ave, Chico, CA 95973. The property boasts a prime location at the northeast corner of East Avenue and The Esplanade, one of Butte County's busiest intersections, ensuring high visibility and significant foot traffic. The center features a unique mix of anchor tenants, creating a vibrant neighborhood shopping environment while also attracting a broader regional customer base. Spaces range from 1,117 square feet to 2,520 square feet, offering flexibility for a variety of retail businesses. The strategic location benefits from the proximity to a future 120,000 square foot Enloe Health facility, further enhancing the area's appeal and drawing significant traffic. The surrounding neighborhood is also home to major medical buildings, satellite campuses, and numerous nationally recognized retailers, creating a robust and diverse customer demographic. This is a rare chance to secure a retail space in a thriving commercial center with exceptional visibility and a strong tenant mix. The property's strategic location and established tenant base make it an ideal investment for discerning buyers seeking a high-return opportunity in a rapidly growing market. Contact us today to learn more about this exciting opportunity.

    Property Features for 118 East Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,837 SF

    Unit(s) available at that property

    Space
    236-H
    Size
    2,520 SF
    Rate per SF
    $21
    Space
    240-A
    Size
    1,200 SF
    Rate per SF
    $22
    Space
    208-A
    Size
    1,117 SF
    Rate per SF
    $21

    HighLights

    • High‑visibility corner location at East Ave & Esplanade, a major Chico intersection.
    • Anchored by Save Mart, Rite Aid, Harbor Freight, and Holbrook's Furniture.
    • Strong tenant mix including AutoZone, Casa Ramos, and Subway.
    • Ample parking available.
    • Easy access to Highway 99.
    • Pylon signage opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Las Tapatias Taqueria Mexican Restaurant The Pampered Pooch Pet Groomer Smokey smoke shop Tobacco Shop Twin Flames Tracy ... Gift Shop Razor Kings Barber Shop

    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
    -121.8448745
    Latitude
    39.7461315

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    FAQs

    What type of property is this?
    Retail property - Prime Chico location, 3 spaces available.
    Where is this retail property located?
    The property is located at 118 East Ave Chico, CA.
    What is the lease rate?
    The lease rate is $21-$22 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner location at East Ave & Esplanade, a major Chico intersection.; Anchored by Save Mart, Rite Aid, Harbor Freight, and Holbrook's Furniture.; Strong tenant mix including AutoZone, Casa Ramos, and Subway.
    Request Owner's contact information
    118 East Ave Chico, CA 95973
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    Chico, CA 95973
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    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
    118 East Ave Chico, CA 95973
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