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Property summary
This exceptional 6,710 square foot retail property, located at 218 & 222 Main Street in Chico, California, presents a unique investment opportunity. Built in 1931 and renovated in 2018, this historic building boasts stunning original brick walls and 13-foot ceilings, creating a captivating atmosphere. The property features a charming patio space, perfect for outdoor dining or retail displays, and benefits from its prime location on a bustling, high-traffic block in downtown Chico. Zoned DN, this versatile space is ideal for a variety of uses, including restaurants, tasting rooms, retail shops, or mixed-use concepts incorporating office space. Currently offered as a cold shell, the property provides limitless design possibilities for a buyer to customize to their specific vision. The building's layout allows for flexible configurations, with the potential to be divided into approximately 3,077 square feet and 3,633 square feet. Its proximity to California State University, Chico, and other downtown amenities ensures high visibility and foot traffic. The asking price is $968,600. This is a rare chance to acquire a piece of Chico's history and capitalize on the vibrant downtown market. The property is currently in cold shell condition, meaning there is no existing HVAC, electrical, or plumbing infrastructure, offering significant flexibility for the new owner.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Chico market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CC · Chico, CACC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
CC Community Commercial Commercial Mixed Use (CMU) (6 to 22 units per gross acre) DN DS Downtown North Downtown South Commercial Mixed Use (CMU) (6 to 22 units per gross acre CS Commercial Services Commercial Services (C…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CC in Chico, CA.
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