2531 Forest AveChico, CA 95928

Property Details for 2531 Forest Ave

Year built

2002

Construction

WOOD

Lot size

0.29 AC

Property size (Sq ft)

3,000 SF

Zone code

C1

Property type

Office properties

Property subtype

Office buildings

APN

002-210-042-000

APU

2210042000

Description

This exceptional Chico, CA commercial property at 2531 Forest Avenue presents a unique investment opportunity. Priced at $600,000, this well-maintained, owner-built building offers two suites currently occupied by long-term tenants. While their leases have expired, both tenants express a strong desire to remain under new ownership, providing immediate income potential. The larger suite boasts over 2,000 square feet of professional office space, ideal for a law firm or similar business. The second suite is configured into smaller, private offices, offering flexibility for various uses. The property features ample parking, convenient street access, and easy-to-maintain landscaping. Its excellent location in Butte County, CA (zip code 95928), adds to its desirability. Tenants are readily available to show the units by appointment, allowing for a seamless transition for the new owner. This is a turnkey opportunity to acquire a profitable commercial property in a thriving Chico market. The property is classified as both office and land, offering potential for future development or expansion. Don't miss this chance to own a well-established and highly sought-after commercial building.

• CAP approach

  CAP return

  Valuation

  6%

  $540,666

  6.5%

  $499,077

  7%

  $463,428

• Comparable approach

  Method

  Valuation

  Relative Method

  $428,340

  Geo Method

  $428,340

• Alternative Use

  Use

  Valuation

  Residential

  $618,855

  Hospitality

  $566,868

  Educational

  $471,627

  Medical

  $487,847

  Retail

  $733,643

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7183

Longitude

-121.794

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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