631 East Ave, Chico, CA 95926
This 1728-square-foot Class B office condominium building, built in 1999, is located at 631 W East Avenue in Chico, CA (APN 042700045000). Situated on a 1,307-square-foot lot, this single-story building offers a fantastic opportunity for owner-users or investors. Currently vacant, the property features a shared entryway, a private waiting room, a reception area, four offices, a conference room (or two additional offices/exam rooms), two private restrooms, and a lab or office workspace. Its adaptable layout makes it suitable for various uses, including medical or traditional office settings. The building benefits from its location in a well-maintained planned office association (POA) plaza, surrounded by medical facilities and numerous residential units. Its proximity to Enloe Hospital's planned expansion and the Highway 99/East Avenue and Esplanade intersection provides excellent visibility and accessibility. Ample shared parking is available, and the corner location at a signalized intersection on a major Chico thoroughfare ensures convenient access to most areas within a 15-minute radius. The asking price is $399,000, translating to $230.90 per square foot. This property presents a rare opportunity to acquire a well-positioned, versatile office space in a thriving Chico neighborhood.
-
Reiner, Slaughter & Frankel, LLP Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.