Property summary
This exceptional 3,502 square foot retail space, built in 2009, is ideally situated within Lassen View Promenade, a thriving Chico neighborhood retail center. The single-tenant property boasts a prominent location alongside established businesses such as CVS, Domino's Pizza, and Great Harvest Bread, ensuring high visibility and foot traffic. The space is perfectly configured for a restaurant, featuring a spacious dining area with seating for up to 82 patrons, a separate bar area accommodating 28, and a substantial 1,050 square foot outdoor patio with additional seating for approximately 40. A fully equipped kitchen, office space, and ample storage are included. The property sits on a 1.28-acre lot and is a one-story building. The Butte County property (APN: 006044012000) is offered as a net lease (NNN), with an estimated cost of approximately $0.62 per square foot. Existing furniture, fixtures, and equipment (FF&E) may be available for purchase; details to be determined. This turnkey opportunity presents a unique chance to establish or expand a successful restaurant business in a high-demand location. The property's size, amenities, and prime location within a successful retail center make it an exceptional investment.
Property profile
VerifiedCap rate & NOI
Current use
-
Take-out & Catering
-
Financial Advisor
-
Loan Service Bank
-
Loan Service Bank
-
Gym & Fitness Center Spa & Massage Center
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
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
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.
Registration is required before the official district profile is shown.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight