1990 Belgium AveChico, CA 95928
- Residential income properties
- 51,805 SF
Property Details for 1990 Belgium Ave
- Year built
- 2023
- Construction
- WOOD
- Lot size
- 2.50 AC
- Property size (Sq ft)
- 51,805 SF
- Zone code
- CN
- Property type
- Residential income properties
- Property subtype
- Other apartment buildings
- APN
- 018-390-021-000
- APU
- 18390021000
Description
This exceptional 3,274-square-foot retail space, located at 1990 Belgium Avenue in Chico, California, presents a unique opportunity for businesses seeking a prominent location. The property is a newly constructed Class A single-tenant suite within the B20 mixed-use development, a vibrant complex that includes 60 senior apartments and established businesses such as the Rione Restaurant. The suite boasts ample on-site parking for both tenants and customers, ensuring convenient access and high visibility. Situated at the intersection of Bruce Road and Belgium Avenue, this location offers excellent exposure to high traffic volume. The entire 3,274 square feet is currently vacant and ready for immediate occupancy, allowing for complete customization to suit your specific business needs. The property is located in Butte County, California, and has a Chico, CA 95928 zip code. This is a rare opportunity to establish your business in a thriving, well-established mixed-use development with significant foot traffic and convenient amenities. The property's Class A designation reflects its high-quality construction and modern features. This space is ideal for a variety of retail businesses seeking a prime location in a rapidly growing area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $11,577,145
- 6.5%
- $10,686,595
- 7%
- $9,923,267
-
Comparable approach
- Method
- Valuation
- Relative Method
- $11,464,913
- Geo Method
- $11,464,913
-
Alternative Use
- Use
- Valuation
- Residential
- $10,686,595
- Hospitality
- $9,788,864
- Educational
- $8,144,220
- Medical
- $8,424,312
- Retail
- $12,668,786
Location Insight
- City
- Chico
- County
- Butte
- State
- California
- Latitude
- 39.7268
- Longitude
- -121.787
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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