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    FOR LEASE
    Commercial land

    996 E 1St Ave, Chico, CA 95926

    1,274 SF 0.77 ac lot Built 1966
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US09-0414634
    Property summary
    AI-generated overview

    This exceptional Chico, CA property at 996 E 1st Avenue offers 9,000 square feet of versatile space, ideal for a variety of commercial uses. The building sits on a 0.77-acre lot (33,541 square feet) and is zoned OR (Office Residential), allowing for diverse occupancy options including medical offices, fitness centers, schools, assisted living facilities, retail, and more. The property is currently entirely vacant, offering a blank canvas for a build-to-suit opportunity or immediate occupancy. Flexible lease terms are available, with minimum divisible space starting at 300 square feet and up to 9,000 contiguous square feet. Located in Butte County, with convenient access via E 1st Avenue, this prime location presents a unique chance to establish a thriving business in a dynamic Chico neighborhood. The property's APN is 003480112000 and the zip code is 95926. The landlord is open to exploring various development possibilities to meet specific tenant needs. This is a rare opportunity to secure a prominent location in a thriving market.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Year built 1966
    Construction STEEL FRAME
    Total area 1,274 SF
    Lot 0.77 ac (33,541 SF)
    APN 003-480-112-000
    UPID US09-0414634
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ej’s Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Mike Ballou LLC · 3 yrs held
    Mike Ballou LLC
    since 2022
    Last sale
    $160,000
    4 recorded transactions
    2022
    2013
    2000
    $160,000
    1989
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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