2500 Zanella Way Chico, CA 95928
- Office buildings
- 8,160 SF
- 1.11 lot acres
Current Use by Public Records
- Xinlongda Spa / Massage Spa / Massage Therapist
- BareBones WorkWear / Clothing Store
- Batteries Plus / Battery Store / Cell Phone Accessory Store
- We Fix It Phone Repair / Electronics Repair Shop / Phone Repair Service
- Swenson K Stephen / Attorney
Property Details for 2500 Zanella Way
- Year built
- 1985
- Construction
- WOOD FRAME
- Lot size
- 1.11 lot acres
- Property size
- 8,160 SF
- Zone code
- M1
- Property type
- Office buildings
- APN
- 002-200-038-000
- APU
- 2200038000
Description
Skyway Marketplace, located at 2500 Zanella Way in Chico, CA, offers 8,160 square feet of retail space in a single, one-story building. This property, built in 1985 and extensively renovated in 2023, features five suites, with a minimum divisible space of 960 square feet and a maximum contiguous space of 8,160 square feet. Currently, all 8,160 square feet are vacant, presenting a unique opportunity for a single tenant or multiple users. The center boasts excellent visibility and high traffic counts, averaging nearly 25,000 cars daily, due to its strategic location directly across from Skypark Plaza, a major retail center. Ample parking is available, including employee parking in the rear with convenient rear access for deliveries. The property sits on 1.11 acres of land and has a building floor area ratio (FAR) of 16.88. The zoning is CS, and the APN is 002-200-038. The property offers prominent streetfront signage, including large pole signage and façade signage. Its proximity to Highway 99 (less than a quarter-mile west) and numerous major retailers, including Home Depot, Lowe's, Walmart, and others, further enhances its desirability. This location offers lower rents than competing centers while providing superior visibility and convenient parking. Total parking spaces number 40. Butte County is the location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,065,000
- ML approach
- $1,110,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,535,000
- 6.5%
- $1,415,000
- 7%
- $1,315,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,327,000
Market price range: $833k - $2.13M
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Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.793
- Latitude
- 39.7146
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
