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    236 9Th St Chico, CA 95928

    For Sale
    $450,000

    Downtown Chico storefront, high visibility

    Property size:
    1,063 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents two commercial buildings on a single corner lot in vibrant downtown Chico, CA. The property boasts 1,063 square feet of retail space, currently 100% occupied by two tenants under a modified lease expiring January 30, 2025. One building, a reconfigured recording studio and design workspace (approximately 1204 sq ft), features an ADA-compliant ramp and charming front porch. The second building (approximately 1608 sq ft) is a two-story structure with ground-floor retail and upstairs office space. Both buildings share rear parking and feature metal roofs. The 4,433 square foot lot offers excellent visibility on a main thoroughfare in a high-traffic area. The property's strong pro-forma NOI of $21,945 and asking price of $450,000 (approximately $160.03 per square foot) present a compelling return on investment. Located in Butte County, within the DS - Downtown South zoning district, this property is ideal for owner-users or investors seeking a high-visibility location in a thriving downtown area. The established businesses are not included in the sale. The property's prime location offers easy access to local amenities, restaurants, and shops, benefiting from the nearby California State University, Chico.

    Property Features for 236 9Th St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,063 SF

    Building Details

    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • Two free‑standing buildings.
    • High traffic count and excellent visibility.
    • Corner lot location.
    • Suitable for owner‑occupancy or investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store 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
    -121.8367158
    Latitude
    39.7246855

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    FAQs

    What type of property is this?
    Individual retail property - Downtown Chico storefront, high visibility
    Where is this individual retail property located?
    The property is located at 236 9Th St Chico, CA.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Two free-standing buildings.; High traffic count and excellent visibility.; Corner lot location.
    Request Owner's contact information
    236 9Th St Chico, CA 95928
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    Chico, CA 95928
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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
    236 9Th St Chico, CA 95928
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