2995 Esplanade Rd - Restaurant FOR SALE


Chico, CA 95973 | 
$1,175,000 USD
530-514-3034
2995 Esplanade Rd, Chico, CA for Sale
$1,175,000 USD
Restaurant - FOR SALE
1/8
null | 6.5% Cap Rate

NEW


2995 Esplanade Rd
Chico, CA 95973


HIGHLIGHTS

  • Hard Corner Location
  • Prominent Multi-Tenant Retail Center
  • 66,000+ Residents within 3 Miles
  • Excellent Visibility on Main Thoroughfare
  • Strong Traffic Counts

OVERVIEW

Multi-tenant retail center on a prime hard corner in the prominent and well-established Shasta Plaza, with excellent visibility, easy access, and ample parking. Surrounded by dense residential neighborhoods with approximately 66,000 residents within a 3-mile radius. The property includes two separately metered spaces: a 1,296 sq ft suite occupied by a long-term, professional salon tenant, and an adjacent 3,516 sq ft turnkey restaurant space now available for lease. The restaurant space offers a functional layout with open dining areas, a bar, small patio, private dining room, private restrooms, and storage, all set within a beautifully improved interior with tall ceilings, abundant windows, and professional finishes. The vacant restaurant space is available for lease, and the entire building is offered for sale.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Prominent Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

CC

APN/PARCEL ID

006-330-006-000

ASK ABOUT THIS PROPERTY

Calen ChapmanCalen Chapman @ Harris Commercial Real EstateMore Info
530-514-3034

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Calen ChapmanCalen Chapman @ Harris Commercial Real EstateMore Info
530-514-3034

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