1367 Lassen AveChico, CA 95973

Property Details for 1367 Lassen Ave

Year built

1991

Construction

WOOD

Lot size

2.20 AC

Property size (Sq ft)

8,261 SF

Zone code

OR

Property type

Office properties

Property subtype

Office buildings

APN

015-020-004-000

APU

15020004000

Description

This exceptional 16,522 square foot commercial property, situated on a 2.2-acre lot in Chico, California's prestigious Executive Park, presents a compelling investment or owner-user opportunity. The property comprises two buildings featuring a total of five office units. Its location within a well-maintained business park, surrounded by high-quality businesses, ensures a stable and desirable environment. The property is partially leased, offering immediate income potential for investors and significant upside for future growth. The address is 1367 Lassen Avenue, Chico, CA 95973. This campus-like setting provides a professional and attractive image for any business. The asking price is $2,750,000. This is an ideal location for businesses seeking a high-quality, established business park setting, offering both immediate occupancy and long-term investment potential. The property's size and layout offer flexibility for a variety of commercial uses. Its location in Butte County, California, provides access to a strong local economy and a skilled workforce. The property is classified as industrial and land, with warehouse and commercial subtypes. Consider this exceptional opportunity to acquire a prime commercial property in a highly sought-after location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,488,815

  6.5%

  $1,374,291

  7%

  $1,276,127

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,179,506

  Geo Method

  $1,179,506

• Alternative Use

  Use

  Valuation

  Residential

  $1,704,120

  Hospitality

  $1,560,965

  Educational

  $1,298,705

  Medical

  $1,343,369

  Retail

  $2,020,207

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7724

Longitude

-121.841

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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