Property summary
This exceptional Chico, CA commercial property, located at 1824 Esplanade, presents a unique investment opportunity. The single-story, approximately 1,318 square foot building boasts a functional layout ideal for executive office use. Features include three private offices, open work areas perfect for collaboration, a convenient kitchen, and a restroom. Recently updated with fresh paint, new flooring, and a newer roof, the space is both modern and inviting. The property also includes a separate residential tiny home and a storage shed, each with its own address, adding significant value and versatility. All three units are currently occupied by tenants. Situated on a 6,750 square foot lot, this Class B property enjoys excellent visibility on the Esplanade, surrounded by established businesses such as Big Al's and the Matador Hotel, and in close proximity to Enloe Medical Center. Its prime location offers easy access to downtown Chico's attractions, Bidwell Park, and Highway 99, ensuring high pedestrian, bicycle, and vehicle traffic. This three-building complex provides a compelling blend of commercial and residential income potential, making it an attractive investment in a thriving Chico neighborhood. The asking price is $345,000.
Property profile
VerifiedCap rate & NOI
Current use
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Property Management Company
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Real Estate Agency
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Real Estate Agency
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Interior Design
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C1 · Chico, CAZoning
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- Basic report summary
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- Value Estimation
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- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning