Property summary
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 profile
VerifiedCap rate & NOI
Current use
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Professional Services
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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