1900 20th St Chico, CA 95928-6342

Property Details for 1900 20th St

Lot size

0.43 lot acres

Property type

Commercial real estate

APN

002-140-016-000

APU

2140016000

Description

This exceptional investment opportunity presents a fully improved, 8,000 square foot casual dining restaurant situated on a 0.72-acre lot in Chico, California. Boasting 100% occupancy, this single-tenant property is ideally located on Highway 99, offering unparalleled visibility and accessibility. The asking price is $2,500,000, translating to a price per square foot of $313. The property benefits from its strategic outparcel location within the Chico Marketplace, a thriving regional shopping center. This prime location places the restaurant in close proximity to a significant concentration of national retailers, including Target, Best Buy, Costco, and Planet Fitness, ensuring high foot traffic and brand recognition. The one-story building is part of a larger commercial development, providing ample parking and convenient access for patrons. Chico, CA, boasts a substantial local population of approximately 110,000 residents, providing a robust customer base for the established restaurant. This turnkey operation presents a rare opportunity to acquire a successful, high-visibility restaurant in a desirable location with strong demographics and significant growth potential. The property's highway frontage ensures maximum exposure to a large volume of daily traffic, making it an ideal investment for discerning buyers seeking a stable and profitable venture in Northern California. The address is 1900 E 20th St, Chico, CA 95928.

Location Insight

City

Chico

County

Butte

State

California

Longitude

-121.81

Latitude

39.7287

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments