For Sale
$2,549,000

650 Rio Lindo AveChico, CA 95926

Seven-suite medical/office building, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-building, multi-tenant medical and traditional office complex located at 650 & 660 Rio Lindo Ave, Chico, CA 95926. The property, situated on a 1.52-acre lot, comprises 13,549 square feet across seven units, primarily occupied by dental practices. Built in 1975, the single-story buildings boast attractive landscaping and ample parking. The current asking price is $2,549,000, translating to $188.13 per square foot. The property generates a substantial net operating income (NOI) of $177,901. Currently, one unit is available, presenting a potential owner-occupancy scenario. The property's prime location in the heart of Chico, surrounded by other medical offices, ensures strong growth potential. The property's strong long-term leases and pride of ownership are evident. Owner financing may be available for qualified buyers. APN: 006260040000; 006260041000.

Highlights

  • $2,549,000 asking price for a multi-tenant office complex.
  • 13,549 square feet on a 1.52-acre lot in Chico, CA.
  • Seven units in two, one-story buildings, built in 1975.
  • Strong NOI of $177,901, with a price per square foot of $188.13.
  • Located at 650 & 660 Rio Lindo Ave, Chico, CA 95926.

Property Details for 650 Rio Lindo Ave

Property type
Retail properties, Office properties
Square Feet
13,549 SF
Year Built
1975
Buildings
2
Stories
1
Lot Size (sq. ft)
66,211 SF
Units
7

Location Insight

City
Chico
County
Butte
State
California
Latitude
39.7543765
Longitude
-121.847232
650 Rio Lindo Ave, Chico, California

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650 Rio Lindo Ave
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