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    2760 Esplanade Chico, CA 95973

    For Lease
    Contact for pricing

    Prime Restaurant Location, 3,502 SF

    Lot size:
    3,502 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3,502 square foot retail space, built in 2009, is ideally situated within Lassen View Promenade, a thriving Chico neighborhood retail center. The single-tenant property boasts a prominent location alongside established businesses such as CVS, Domino's Pizza, and Great Harvest Bread, ensuring high visibility and foot traffic. The space is perfectly configured for a restaurant, featuring a spacious dining area with seating for up to 82 patrons, a separate bar area accommodating 28, and a substantial 1,050 square foot outdoor patio with additional seating for approximately 40. A fully equipped kitchen, office space, and ample storage are included. The property sits on a 1.28-acre lot and is a one-story building. The Butte County property (APN: 006044012000) is offered as a net lease (NNN), with an estimated cost of approximately $0.62 per square foot. Existing furniture, fixtures, and equipment (FF&E) may be available for purchase; details to be determined. This turnkey opportunity presents a unique chance to establish or expand a successful restaurant business in a high-demand location. The property's size, amenities, and prime location within a successful retail center make it an exceptional investment.

    Property Features for 2760 Esplanade

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,502 SF

    Building Details

    Year Built
    2009
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,502 SF

    HighLights

    • Retail property totaling 3,502 square feet.
    • Single‑tenant occupancy, currently vacant.
    • Located on a 1.28‑acre lot in Butte County.
    • Built in 2009, one‑story building.
    • Excellent restaurant location in Lassen View Promenade, Chico, CA, near CVS, Domino's, and other established businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Great Harvest Bread ... Sandwich Shop Edward Jones - Financial ... Financial Consultant Allison Denney - CMG ... Mortgage Lender Lynnette Baker | Homebridge ... Mortgage Lender Perspire Sauna Studio Sauna

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8641766
    Latitude
    39.7601985

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    FAQs

    What type of property is this?
    Retail property - Prime Restaurant Location, 3,502 SF
    Where is this retail property located?
    The property is located at 2760 Esplanade Chico, CA.
    What are key features of this property?
    This property features: Retail property totaling 3,502 square feet.; Single-tenant occupancy, currently vacant.; Located on a 1.28-acre lot in Butte County.
    Request Owner's contact information
    2760 Esplanade 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
    2760 Esplanade Chico, CA 95973
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