236 9Th StChico, CA 95928

Property Details for 236 9Th St

Year built

1999

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

1,063 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

004-285-004-000

APU

4285004000

Description

This exceptional Chico investment opportunity presents two commercial buildings situated on a highly visible corner lot at W 9th & Salem Streets. The property encompasses 0.2 acres and a total of 2,812 square feet. One building, located at 244 W 9th Street, is approximately 1204 square feet and has been reconfigured into a recording studio and design workspace. This building features an ADA-compliant ramp in the rear and a charming front porch. The second building, situated at 236 W 9th Street, is a two-story structure totaling approximately 1608 square feet. The ground floor functions as a retail storefront, while the tenant utilizes the upper level as administrative office space. Both buildings share rear parking and are equipped with durable metal roofs. The established business currently occupying the space is not included in the sale, but has enjoyed a long-term tenancy. This presents a unique chance to acquire a well-positioned commercial property in a desirable Chico location. The asking price is $375,000.

• CAP approach

  CAP return

  Valuation

  6%

  $281,617

  6.5%

  $259,954

  7%

  $241,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $382,473

  Geo Method

  $382,473

• Alternative Use

  Use

  Valuation

  Residential

  $219,281

  Hospitality

  $200,860

  Educational

  $167,113

  Medical

  $172,861

  Retail

  $259,954

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7246

Longitude

-121.837

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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