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    500 East Ave Chico, CA 95926

    Sponsored
    For Sale
    $1,845,000

    Prime Chico office, 7,726 SF, vacant.

    Property size:
    7,726 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This prominent Chico, CA office building, located at 500 W. East Avenue, is available for sale at $1,845,000. The 7,726 square foot, Class A building boasts a striking two-story glass exterior and a recently (2020) remodeled interior. Situated on a 0.62-acre lot (APN 042-450-089) in a prime location with easy access to Highways 99 and 32, this property benefits from its proximity to medical and professional offices, including the expanding Enloe Medical Center. The building features approximately 4,150 square feet of two-story office space, including waiting and reception areas, various sized offices, a conference room, break room, open workspace, storage, and a copy room. A significant advantage is the inclusion of approximately 3,000 square feet of climate-controlled warehouse space with a roll-up door, dedicated AC units, a gas heater, office space, storage rooms, mezzanine space, and sinks. Additional amenities include a second-floor patio, a private garage with an automatic door, and a fully owned 88-panel solar system. The property offers ample parking with 28 spaces and has been meticulously maintained. The permitted zoning is Office Mixed Use (OMU), allowing for flexibility and potential future expansion. This is a fee-simple ownership opportunity ideal for an owner/user seeking a versatile flex-space operation. The building is currently vacant.

    Property Features for 500 East Ave

    General Information

    Property type
    Medical offices
    Square Feet
    7,726 SF
    Class
    A
    Lot Size
    27,007 SF

    Building Details

    Year Built/Renovated
    1989/2020
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • High‑profile office/flex building.
    • Highly adaptable floor plan.
    • On‑site, fully owned solar power system.
    • Excellent access to major freeways (Hwy 99 & 32).
    • Convenient proximity to abundant retail and dining options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sisco Enterprises Inc. Professional Services

    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
    -121.86937830817
    Latitude
    39.75206757179

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    FAQs

    What type of property is this?
    Medical office - Prime Chico office, 7,726 SF, vacant.
    Where is this medical office located?
    The property is located at 500 East Ave Chico, CA.
    What is the asking price?
    The asking price for this property is $1,845,000.
    What are key features of this property?
    This property features: High-profile office/flex building.; Highly adaptable floor plan.; On-site, fully owned solar power system.
    Request Owner's contact information
    500 East Ave Chico, CA 95926
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    Chico, CA 95926
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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
    500 East Ave Chico, CA 95926
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