212-222 W. 2nd St. & 132-136 Broadway - Retail FOR SALE


Chico, CA 95928- Downtown Chico
$3,950,000 USD
415-358-5243
212-222 W. 2nd St. & 132-136 Broadway, Chico, CA for Sale
$3,950,000 USD
Retail - FOR SALE
1/6
null | 7.38% Cap Rate

212-222 W. 2nd St. & 132-136 Broadway
Chico, CA 95928
Downtown Chico


OVERVIEW

Unique high performing shops priced at a very desirable 7.38% cap rate with scheduled rent increases. This hard corner location is at an intersection with high foot & vehicle traffic approximately 1-1.5+- blocks from Chico State University Campus. This 12,940+- SF asset comprises 8 units, all operating at full occupancy, providing a steady stream of income for potential investors. All 8 tenants have a long history of occupancy having exercised multiple option extensions or signed new leases. Designed to appeal to Retail & Office Building investors, this property promises stability and growth potential in a thriving commercial environment. Its ideal location and reliable tenant base make it a prime addition to any real estate portfolio, offering a secure and lucrative investment for those seeking long-term value in the retail & office sector. This is a rare chance to acquire a high-performing asset in a prime location.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

7.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chico Shops

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,612 SF

ZONING

-

APN/PARCEL ID

004-052-007-000

ASK ABOUT THIS PROPERTY

Gregg SteeleNAI Northern CaliforniaMore Info
415-358-5243

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Gregg SteeleNAI Northern CaliforniaMore Info
415-358-5243

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