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    1950 20Th St Chico, CA 95928

    Sponsored
    For Lease
    $2 SF/Yr

    Retail Land, 54,014 sq ft, Multi-Tenant

    Lot size:
    54,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, Chico Marketplace - Parcel C, presents a prime retail opportunity in Butte County, California. Located at 1950 E 20th St, Chico, CA 95928, this 54,014 square foot parcel offers significant potential for multiple tenants. The site is strategically positioned within Chico's most active retail corridor, adjacent to Chico Mall, a thriving regional shopping center boasting over 100 stores and restaurants. This location benefits from high visibility and accessibility, drawing significant foot traffic and vehicular access. The property's design allows for a multi-tenant building, and importantly, includes the possibility of incorporating a drive-thru feature, enhancing convenience for potential tenants and customers. The surrounding area is already home to established national retailers such as Dick's Sporting Goods, JCPenney, Forever 21, HomeGoods, Petco, Planet Fitness, and Burlington, solidifying its position as a premier retail destination. This property is ideal for businesses seeking high-traffic exposure and a location within a well-established and successful retail environment. The property is zoned for commercial use and is ready for development. Contact us to explore this exceptional investment opportunity.

    Property Features for 1950 20Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,014 SF

    Unit(s) available at that property

    Space
    Parcel C
    Size
    54,014 SF
    Rate per SF
    $2

    HighLights

    • High visibility from E 20th Street and Forrest Ave.
    • Drive‑through design on both parcels.
    • Forrest Ave boasts 13,750 vehicles daily.
    • Direct access from Forrest Ave, east side of the mall.
    • E. 20th Street sees 20,900 vehicles daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cinnabon Bakery Eyebrow Plus Beauty Salon Hot Topic Fashion Accessories Store Finish Line Shoe Store Closed Juice Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -121.8055465
    Latitude
    39.7289393

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    FAQs

    What type of property is this?
    Land - Retail Land, 54,014 sq ft, Multi-Tenant
    Where is this land located?
    The property is located at 1950 20Th St Chico, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: High visibility from E 20th Street and Forrest Ave.; Drive-through design on both parcels.; Forrest Ave boasts 13,750 vehicles daily.
    Request Owner's contact information
    1950 20Th 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
    1950 20Th St Chico, CA 95928
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