You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR SALE
Retail space

1020 Main St Chico, CA 95928

6,151 SF 0.55 ac lot Built 1923
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US09-2500827
Property summary
AI-generated overview

This 2,000 square foot, vacant restaurant space in downtown Chico, CA is available for $395,000. Located at 1020 Main St, 95928 (APN 004-431-016), this single-story building offers a prime opportunity for a new restaurant venture. Previously housing a long-standing Sicilian Cafe and more recently a Mexican restaurant, the space boasts an open dining area with abundant natural light, a welcoming reception and waiting area, and a fully equipped kitchen. The kitchen features a recently cleaned 10-foot hood with an Ansul system, a combination range/oven, a walk-in cooler, a dishwashing line, and ample storage. Recent renovations include a new roof, fresh exterior paint, and new flooring in the dining area. The property also benefits from significant signage opportunities, a rear patio, and ample private parking. This turnkey restaurant space is ready for immediate occupancy. The property was renovated in 2024.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1923
Construction WOOD
Total area 6,151 SF
Lot 0.55 ac (23,958 SF)
Zoning code C2
APN 004-431-011-000
UPID US09-2500827
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tres Marias Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$479k
Blend (final) Blend
$575k
Owner & transaction history
Homestead & Co LLC · 2 yrs held
Homestead & Co LLC
since 2024
Last sale
$575,000
6 recorded transactions
2024
Price N/A
2023
$575,000
2020
Price N/A
2020
$400,000
2020
Price N/A
2001
Price N/A
Zoning & alternative use
C2 · Chico, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $945,000 +14.2%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message