236 9Th St Chico, CA 95928
- Retail space
- 1,063 SF
- 0.20 lot acres
Current Use by Public Records
- Retail space
Property Details for 236 9Th St
- Year built
- 1999
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 1,063 SF
- Zone code
- C1
- Property type
- Retail space
- APN
- 004-285-004-000
- APU
- 4285004000
Description
This exceptional Chico investment opportunity presents two commercial buildings situated on a highly visible corner lot at W 9th & Salem Streets. The property encompasses 0.2 acres and a total of 2,812 square feet. One building, located at 244 W 9th Street, is approximately 1204 square feet and has been reconfigured into a recording studio and design workspace. This building features an ADA-compliant ramp in the rear and a charming front porch. The second building, situated at 236 W 9th Street, is a two-story structure totaling approximately 1608 square feet. The ground floor functions as a retail storefront, while the tenant utilizes the upper level as administrative office space. Both buildings share rear parking and are equipped with durable metal roofs. The established business currently occupying the space is not included in the sale, but has enjoyed a long-term tenancy. This presents a unique chance to acquire a well-positioned commercial property in a desirable Chico location. The asking price is $375,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $240,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $220,000
- 6.5%
- $200,000
- 7%
- $190,000
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Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.837
- Latitude
- 39.7246
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
