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    Property profile & analytics
    FOR SALE
    Retail space

    225 Main St, Chico, CA 95928

    23,444 SF 0.39 ac lot Built 1965
    Individually Owned 23-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-0372995
    Property summary
    AI-generated overview

    This exceptional 23,444 square foot mixed-use property, known as The Garden Walk Mall, is situated in the heart of Downtown Chico, CA, just steps from California State University, Chico. Boasting 20 leasable units currently configured as a walkable indoor mall with a mix of retail, personal services, restaurants, and office space, this property presents a unique opportunity. The building features a 16,950 square foot ground floor with a 6,500 square foot second floor, offering flexible space for various tenants. The open clear-span arched wood truss construction in the front and CMU block construction in the rear provide diverse layout options. Zoned DN (Downtown North), the property allows for a wide range of uses, including retail, personal services, educational, cultural, and recreational uses, with office and residential uses permitted above the ground floor. With an 85-foot allowable building height, two main entrances (Main Street and Wall Street), ample street parking, and high visibility due to approximately 15,000 ADT on Main Street and significant pedestrian traffic from the nearby university, this property offers substantial potential for continued success or redevelopment. The 0.39-acre lot includes large signage opportunities on both Main and Wall Streets. The property is priced at $3,500,000.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1965
    Construction TILT-UP CONCRETE
    Total area 23,444 SF
    Lot 0.39 ac (16,988 SF)
    Zoning code CC
    APN 004-082-014-000
    UPID US09-0372995
    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
    • Boba TeaLicious Cafe & Coffee Shop
    • African Connection & Cultural Art Gallery Hawaiian Goods Store
    • PCI Business Services, LLC Data Center IT Consulting Firm
    • Father Time (Bike/Boat/Book/etc) Store
    • Succeed.Net Telecommunications Service Data Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.83M
    Blend (final) Blend
    $1.86M
    Owner & transaction history
    Thomas N Hall · 23 yrs held
    Thomas N Hall
    since 2002
    7 recorded transactions
    2017
    2002
    2002
    $1.4M
    2002
    2000
    $1.0M
    1977
    1969
    Zoning & alternative use
    CC · Chico, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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