Property summary
This exceptional investment opportunity presents a fully occupied 5,745 square foot office building situated on a 0.43-acre lot at 55 Declaration Drive, Chico, CA. The property boasts a strong tenant base, ensuring consistent income and a solid return on investment. Its convenient location in a bustling complex just off the freeway provides excellent visibility and accessibility. The building is exceptionally well-maintained, minimizing operational concerns for the new owner. Ample parking is available for tenants and visitors, adding to the property's appeal. Furthermore, the common areas are meticulously managed by the Property Owners Association, relieving the owner of significant maintenance responsibilities. This turnkey investment requires minimal effort to maintain its current high occupancy and profitability. The asking price is $599,000, representing a compelling opportunity for investors seeking a stable and lucrative addition to their portfolio. This property offers a rare combination of location, condition, and occupancy, making it an ideal investment for discerning buyers. Serious inquiries are encouraged to explore this exceptional opportunity further.
Property profile
VerifiedCap rate & NOI
Current use
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Marketing & Advertising (Bike/Boat/Book/etc) Store
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Arcade & Gaming Center Family Recreation Center
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Zoning & alternative use
OC Office Commercial Office Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) CC Community Commercial Commercial Mixed Use (CMU) (6 to 2…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
OC · Chico, CAOC Office Commercial Office Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) CC Community Commercial Commercial Mixed Use (CMU) (6 to 2…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
OC Office Commercial Office Mixed Use (OMU) (6 to 20 units per gross acre) CN Neighborhood Commercial Neighborhood Commercial (NC) (6 to 22 units per gross acre) CC Community Commercial Commercial Mixed Use (CMU) (6 to 2…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OC in Chico, CA.
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