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230 W 2nd Street, Chico, CA

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230 W 2nd Street

Chico, CA 95928-5306

Property Type:Sports & Entertainment Sub Type:Theater/Concert Hall Status:Existing Year Built:1905
Stories:1 Typical Floor:4,884 SF Building Size:9,768 SF
For Sale Price:$1,400,000 Price/SF:$143.33
Cap Rate:4.20 %

This property is a two-story commercial building totaling approximately 9,768sf. The building is a downtown historic building. The owners have a completed set of plans for a remodel, re-developing the property for use as retail, mixed use or residential apartments.

Sale Notes:
Own a piece of Chico history, the El Rey theatre seats over 700 for many event venues, including movies, concerts, lectures, church services, as well as any other special event your group may envision. This facility is just steps from the Chico State campus as well as being a corner stone of downtown Chico. Seller has plans office conversion, future use for this property is limited only by your vision and entrepreneurial spirit. Property currently has a solid base of income with very little use, expanded income is highly possible.
Located in the heart of downtown Chico and mere steps from CSU Chico, and the Madison bear garden.

RE/MAX of Chico
Steven Depa
(530) 896-9339

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