For Sale
$4,995,000

1395 Ridgewood DrChico, CA 95973

Prestigious Class A Office Building, High Income

Overview

Added:
Dec 11, 2024
Days on market:
116
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
1395 Ridgewood Dr, Chico, California

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1395 Ridgewood Dr
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