351 E 6th St - Movie Theatre FOR SALE


Chico, CA 95928- Downtown Chico
$795,000 USD
530-828-9289
351 E 6th St, Chico, CA for Sale
$795,000 USD
Movie Theatre - FOR SALE
1/9
null | 6.57% Cap Rate

351 E 6th St
Chico, CA 95928
Downtown Chico


OVERVIEW

100% Leased Multi-Tenant Commercial Property Near Downtown Chico. 351, 361, 363 and 365 E. 6th Street comprise a fully leased, multi-tenant commercial property situated on a prominent hard-corner location near Downtown Chico. Surrounded by dense residential in an established, highly walkable neighborhood, the property is occupied by a complementary mix of neighborhood-serving businesses, including the landmark Pageant Theatre, Tender Loving Coffee House, Ultra Beautician and Sixth Street Secondhand. The tenants provide a balanced combination of entertainment, food and beverage, personal services and specialty retail. Several have longstanding operating histories at the property, with some having occupied the building for decades. Recent capital improvements include roof, exterior paint, and interior/exterior ADA upgrades. Its close proximity to Downtown Chico allows the property to benefit from the area’s established customer base, daytime employment and student population, dining and entertainment activity, and steady flow of pedestrian and vehicle traffic, while still serving the surrounding residential neighborhood. With 100% occupancy, multiple established tenants, dedicated on-site parking and a strong corner location, the property offers a stabilized investment with a durable presence in one of Chico’s most distinctive neighborhoods.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

6.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Leased | Hard Corner of 6th & Flume St

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,325 SF

ZONING

CN

APN/PARCEL ID

004-382-001-000

ASK ABOUT THIS PROPERTY

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

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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.