For Sale
$4,995,000

1395 Ridgewood Dr Chico, CA 95973

Prestigious Class A Office Building, High Income

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A, 20,370 square foot executive office building in Chico, CA, presents a compelling investment opportunity. Built in 1997, this single-story property sits on a 2.27-acre lot (APN 015020037000) and boasts a prime location at 1395 Ridgewood Dr, 95973. Currently leased to Cal Northern School of Law, the IRS, and a law firm, the building offers significant potential for increased rental income with space for two additional tenants. The property features a beautiful entrance, spacious hallways, large high-tech classrooms, and an expansive covered outdoor meeting area. The office spaces are well-appointed and occupied by strong, reliable tenants. This secure, high-quality asset is situated in a desirable commercial area surrounded by other well-maintained professional businesses, promising a strong return on investment. The asking price is $4,995,000, with a price per square foot of $245. This is a rare opportunity to acquire a prestigious and income-producing property in Northern California.

Highlights

  • $4,995,000 Asking Price
  • 20,370 SF Class A Retail/Office Building
  • $245/SF Price per Square Foot
  • 1997 Year Built, Single-Story Building on a 2.27-acre lot in Chico, CA
  • Located at 1395 Ridgewood Dr, Chico, CA 95973 (APN: 015020037000)

Property Details for 1395 Ridgewood Dr

Property type
Retail properties, Office properties
Square Feet
20,370 SF
Class
A
Year Built
1997
Stories
1
Lot Size (sq. ft)
98,881 SF

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.7744879
Longitude
-121.8392278

FAQs

What type of property is this?
Retail property - Prestigious Class A Office Building, High Income
Where is the retail property located?
The property is located at 1395 Ridgewood Dr Chico, CA.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: $4,995,000 Asking Price; 20,370 SF Class A Retail/Office Building; $245/SF Price per Square Foot
How can I contact the broker?
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1395 Ridgewood Dr
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