1836 Esplanade Chico, CA 95926-2398
- Retail space
- 986 SF
- 0.28 lot acres
Current Use by Public Records
- Backwood Barber & Beauty / Barber Shop
- Hair A .d.D. with (Located @Backwood Barber and Beauty) / Hair Salon / Hair Extension Technician
- Classic's Hair & nails / Hair Salon / Beauty Salon
- Spa Beauté Skin Care / Beauty Salon / Facial Spa
- Hair salon in Chico Ca / Beauty Salon
Property Details for 1836 Esplanade
- Year built
- 1930
- Construction
- WOOD
- Lot size
- 0.28 lot acres
- Property size
- 986 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 003-391-012-000
- APU
- 3391012000
Description
This exceptional retail opportunity presents a 986 square foot, single-story building situated on a 12,197 square foot lot at 1836 Esplanade in Chico, CA 95926. The property boasts a highly visible location along Chico's bustling Esplanade, surrounded by established businesses like Big Al's and the Matador Hotel, and in close proximity to Enloe Medical Center. The building features ample natural light from large windows, a convenient kitchenette, and a private restroom. A significant advantage is the substantial rear parking accessible from both the front and an alleyway. Currently occupied by a barbershop under a three-year lease agreement, this property offers a stable income stream and significant upside potential. Its prime location, just minutes from Highway 99, ensures consistent foot, bike, and vehicle traffic, making it ideal for a variety of commercial uses. The property also includes a large basement, adding considerable storage or expansion possibilities. This is a rare chance to acquire a well-established, high-traffic commercial property in the heart of Chico, offering both immediate return and long-term growth potential. The asking price is $235,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $260,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $205,000
- 6.5%
- $190,000
- 7%
- $175,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $249,000
Market price range: $116k - $448k
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Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.851
- Latitude
- 39.7461
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA