28 Hanover LnChico, CA 95973

Property Details for 28 Hanover Ln

Year built

1991

Construction

WOOD

Lot size

0.36 AC

Property size (Sq ft)

3,963 SF

Property type

Office properties

Property subtype

Office buildings

APN

006-370-016-000

APU

6370016000

Description

This exceptional 550-square-foot executive office suite is ideally situated within the Esplanade North professional office complex, conveniently located near the intersection of Esplanade and East Lassen Avenue in Butte County. The property, identified by APN 006370016000, boasts a prime location offering easy access to public transportation, diverse dining options, and ample shopping opportunities. Built in 1991, this two-story building comprises a single structure situated on a 0.36-acre lot. The suite itself is located on the second floor and features a bright and airy layout with two distinct rooms, providing ample space for various office configurations. Two shared restrooms are conveniently located within the common areas. The entire 550 square feet of the suite is currently vacant and available for immediate occupancy. The property is classified as an office space with multiple tenancy options, making it suitable for a variety of professional uses. This presents a unique opportunity to establish a presence in a thriving professional community. The property's convenient location and functional layout make it an attractive option for businesses seeking a well-appointed and accessible office space.

• CAP approach

  CAP return

  Valuation

  6%

  $714,220

  6.5%

  $659,280

  7%

  $612,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $565,837

  Geo Method

  $565,837

• Alternative Use

  Use

  Valuation

  Residential

  $817,508

  Hospitality

  $748,832

  Educational

  $623,020

  Medical

  $644,446

  Retail

  $969,142

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7599

Longitude

-121.865

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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