2760 Esplanade Chico, CA 95973
- Retail space
- 14,312 SF
- 1.28 lot acres
Current Use by Public Records
- Great Harvest Bread Co / Take-out & Catering
- Edward Jones - Financial Advisor: Benito Abarca-Sanchez / Financial Advisor
- Allison Denney - CMG Home Loans / Loan Service / Bank
- Lynnette Baker | Homebridge | Mortgage Loan Originator / Loan Service / Bank
- Perspire Sauna Studio / Gym & Fitness Center / Spa & Massage Center
Property Details for 2760 Esplanade
- Year built
- 2009
- Construction
- WOOD
- Lot size
- 1.28 lot acres
- Property size
- 14,312 SF
- Zone code
- CC
- Property type
- Retail space
- APN
- 006-044-012-000
- APU
- 6044012000
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,950,000
- 6.5%
- $2,725,000
- 7%
- $2,530,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,347,000
- AI Estimate
- $1,743,000
Market price range: $1.25M - $3.78MMarket price range: $506k - $2.00M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,195,000 Current use
- COMMERCIAL (GENERAL)
- $4,015,000 Change: +83% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $2,825,000 Change: +29% Conversion: Difficult
- OFFICE BUILDING
- $2,220,000 Change: +1% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $2,200,000 Change: +0% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.864
- Latitude
- 39.7604
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
