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    131 1St St Chico, CA 95928

    Sponsored
    For Lease
    $12 SF/Yr

    Historic Charm, Versatile Layout, Prime Location

    Lot size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This unique 1920s-era commercial space at 131 W 1st St, Unit 300, Chico, CA 95928, offers 1,200 square feet of versatile space ideal for a variety of uses. Located in the heart of downtown Chico, near Chico State University, this property boasts a blend of historical charm and modern functionality. The building is three stories high and features a traditional office layout with creative office potential. The suite includes a large, oversized kitchenette, perfect for employee breaks or small gatherings. A spacious main room, complete with a dance floor, is complemented by a smaller entry room, providing ample space for various business needs. Additional features include upstairs storage, closet storage, and a private balcony overlooking the main room. The property is zoned CC and has a Butte County APN of 004071001000. The building includes an elevator for convenient access to all three floors. Its central location and unique character make it an exceptional opportunity for businesses seeking a distinctive and well-situated space. The property's historical details, combined with its modern amenities, create a truly one-of-a-kind environment. This is a must-see for those seeking a space that blends historical character with modern functionality. The cross street is Broadway.

    Property Features for 131 1St St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,600 SF

    Building Details

    Year Built
    1920
    Stories
    3

    Unit(s) available at that property

    Space
    Size
    3,600 SF
    Rate per SF
    $12

    HighLights

    • 1,200 SF of versatile commercial space in downtown Chico, CA.
    • Located near Chico State University at 131 W 1st St, Unit 300.
    • Features a traditional office layout with creative office potential, including a large main room with dance floor, oversized kitchenette, and private balcony.
    • Includes upstairs and closet storage, plus elevator access in a three‑story building.
    • Zoned CC, Butte County APN 004071001000, cross street Broadway.
    Property Profile Location Intelligence

    Current Use by Public Records

    EMERGENCYEXIT Arts Organization

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8415148
    Latitude
    39.7305685

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    FAQs

    What type of property is this?
    Office space - Historic Charm, Versatile Layout, Prime Location
    Where is this office space located?
    The property is located at 131 1St St Chico, CA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 1,200 SF of versatile commercial space in downtown Chico, CA.; Located near Chico State University at 131 W 1st St, Unit 300.; Features a traditional office layout with creative office potential, including a large main room with dance floor, oversized kitchenette, and private balcony.
    Request Owner's contact information
    131 1St 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
    131 1St St Chico, CA 95928
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