310 Flume StChico, CA 95928

Property Details for 310 Flume St

Year built

1962

Construction

TILT-UP CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

4,356 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

004-171-004-000

APU

4171004000

Description

This exceptional 4,356 square foot Class B office building, located at 310 Flume St, Chico, CA 95928, presents a compelling investment opportunity for owner-users or investors. Built in 1962 and extensively renovated in 2022, the property boasts two units. The Flume Street suite comprises a professional office space featuring a reception area, eight private offices, a conference room, copy area, and storage. The East 3rd Street suite is currently leased to Hydration Happens. The building includes two restrooms and a shared kitchenette. The asking price is $699,000, translating to $160.47 per square foot, with an attractive 8.33% cap rate. Situated on a 4,356 square foot lot, this property benefits from its corner location at the intersection of 3rd and Flume Streets and enjoys convenient access to downtown amenities and a public parking lot directly across the street. The modern finishes and updated features make this a turnkey solution for a business seeking a professional and efficient workspace, or a savvy investor looking for a strong return. Triple-net leases further enhance the investment potential. This is a rare opportunity to acquire a well-maintained, updated commercial property in a desirable Chico location.

• CAP approach

  CAP return

  Valuation

  6%

  $785,048

  6.5%

  $724,659

  7%

  $672,898

• Comparable approach

  Method

  Valuation

  Relative Method

  $621,950

  Geo Method

  $621,950

• Alternative Use

  Use

  Valuation

  Residential

  $898,578

  Hospitality

  $823,092

  Educational

  $684,803

  Medical

  $708,354

  Retail

  $1,065,249

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7307

Longitude

-121.838

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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