1844 EsplanadeChico, CA 95926
- Retail properties
- 1,200 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $317,912
- 6.5%
- $293,457
- 7%
- $272,496
-
Comparable approach
- Method
- Valuation
- Relative Method
- $431,767
- Geo Method
- $431,767
-
Alternative Use
- Use
- Valuation
- Residential
- $247,542
- Hospitality
- $226,747
- Educational
- $188,651
- Medical
- $195,139
- Retail
- $293,457
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
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.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].