300-308 Salem St - Office FOR SALE


Chico, CA 95928- Downtown Chico
$1,699,000 USD
530-828-9289
300-308 Salem St, Chico, CA for Sale
$1,699,000 USD
Office - FOR SALE
1/24
null | 6.7% Cap Rate

300-308 Salem St
Chico, CA 95928
Downtown Chico


HIGHLIGHTS

  • LOCATED DIRECTLY IN DOWNTOWN CHICO
  • RECENTLY REMODELED
  • PRIVATE OFF-STREET PARKING

OVERVIEW

Net-leased upscale office building in Downtown Chico with a recent full remodel and off-street parking available for sale. This versatile two-tenant building is located on the hard corner of 3rd and Salem Streets and is just steps from all of what Downtown Chico has to offer. This single-story building is split into one large unit of approximately 3,700 SF that has a long-term lease recently signed with Happy Dog Home Mortgage and is configured with 11 private offices, open workstations for 12+ people, huge conference/event room, staff lounge, four private restrooms, built-in reception and waiting area, tons of storage on main floor and attic (accessed by stairs), and private parking area. The second unit is approximately 2,100 SF and is currently up for lease. This unit consists of a reception/waiting area, 4 private offices, two open workspaces, restrooms and break room. The building is constructed with an engineered glass system in the front to allow for abundant natural light throughout along with the many windows into the offices. Both units are equipped with their own separate utility meters, bathrooms, and entrances fronting Salem Street. This property would be suitable for both an investor and user that desires to occupy part of the building.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$293 USD /SF

CAP RATE

6.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,840 SF

ZONING

OC

APN/PARCEL ID

004-131-003-000

ASK ABOUT THIS PROPERTY

Brandon HarrisHarris Commercial Real Estate ServicesMore Info
530-828-9289

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

Brandon HarrisHarris Commercial Real Estate ServicesMore Info
530-828-9289

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