1844 EsplanadeChico, CA 95926

Property Details for 1844 Esplanade

Year built

1966

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

1,200 SF

Zone code

C1

Property type

Retail space

APN

003-391-020-000

APU

3391020000

Description

This exceptional investment opportunity presents a 1,200 square foot restaurant building situated on a 0.26-acre lot at 1844 Esplanade in Chico, CA 95926. Currently occupied by the established Big Al's Drive-In under a long-term NNN lease, this property offers a stable income stream with minimal landlord responsibilities. The building features a recently installed roof, a detached storage room, and a walk-in freezer. Its prime corner location, directly across from a Starbucks, ensures high visibility and accessibility along Chico's Esplanade corridor. This bustling area boasts a diverse mix of retail shops, restaurants, and professional services, attracting significant foot, bike, and vehicle traffic. The property's strategic location offers convenient access to Highway 99, Enloe Medical Center, downtown Chico, and Bidwell Park, maximizing its appeal to both locals and visitors. This turnkey investment is priced at $575,000 and represents a rare chance to acquire a thriving commercial property in a high-demand Chico location. The single-unit building provides a straightforward ownership experience with a proven tenant in place.

• CAP approach

  CAP return

  Valuation

  6%

  $256,883

  6.5%

  $237,123

  7%

  $220,186

• Comparable approach

  Method

  Valuation

  Relative Method

  $178,189

  Geo Method

  $178,189

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $472,899

  Mixed-Use / Specialty

  $232,040

  Hospitality / Lodging

  $164,723

  Office

  $226,248

  Institutional / Educational

  $239,714

  Residential Income

  $280,465

  Multifamily

  $359,867

  Automotive / Energy

  $205,469

  Parking / Income-Based Land

  $75,091.40

  Restaurant / Food Service

  $111,642

  Healthcare / Senior Housing

  $242,298

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7462

Longitude

-121.851

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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