177 E 2nd St - Restaurant FOR SALE


Chico, CA 95928- Downtown Chico
$1,250,000 USD
530-680-7685
177 E 2nd St, Chico, CA for Sale
$1,250,000 USD
Restaurant - FOR SALE
1/17
null | Request Cap Rate

177 E 2nd St
Chico, CA 95928
Downtown Chico


OVERVIEW

Prime investment opportunity now available in the heart of downtown Chico, just blocks from California State University, Chico! This iconic bar and restaurant has operated for over 40 years, and now both the building and business assets are being offered for sale. The first floor has been extensively renovated with quality and attention to detail throughout. This beautifully redesigned bar and dining space offers a 99-person capacity and an exceptional layout. Features include a well-designed bar, street-side patio seating, a full commercial kitchen, a dedicated dishwashing area, walk-in refrigeration, a unique “living wall,” and custom handmade tables that enhance the overall ambiance. The sale includes a valuable Type 47 liquor license, as well as all furniture, fixtures, equipment, and inventory. Please note that the business name is not included in the sale and will remain with the current owner. Upstairs, most of the major improvements have already been completed, with a thoughtful redesign for functional office space. Finish work remains, offering an excellent opportunity for an owner-user to create their own style or complete the space for additional rental income. There is ample office space to accommodate both owner use and rental income potential. Conveniently located near the City of Chico parking lot, with additional street parking directly in front, the property offers easy access for patrons. This is a rare opportunity to acquire an improved downtown property while still providing room for the next owner to incorporate their own ideas.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,613 SF

ZONING

C1

APN/PARCEL ID

004-082-002-000

ASK ABOUT THIS PROPERTY

Kimberly Babb-ShafferCentury 21 Select Real EstateMore Info
530-680-7685

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Kimberly Babb-ShafferCentury 21 Select Real EstateMore Info
530-680-7685

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.