1020 Main StChico, CA 95928

Property Details for 1020 Main St

Year built

1923

Construction

WOOD

Lot size

0.55 AC

Property size (Sq ft)

6,151 SF

Zone code

C2

Property type

Retail properties

Property subtype

Retail space

APN

004-431-011-000

APU

4431011000

Description

This 2,000 square foot, vacant restaurant space in downtown Chico, CA is available for $395,000. Located at 1020 Main St, 95928 (APN 004-431-016), this single-story building offers a prime opportunity for a new restaurant venture. Previously housing a long-standing Sicilian Cafe and more recently a Mexican restaurant, the space boasts an open dining area with abundant natural light, a welcoming reception and waiting area, and a fully equipped kitchen. The kitchen features a recently cleaned 10-foot hood with an Ansul system, a combination range/oven, a walk-in cooler, a dishwashing line, and ample storage. Recent renovations include a new roof, fresh exterior paint, and new flooring in the dining area. The property also benefits from significant signage opportunities, a rear patio, and ample private parking. This turnkey restaurant space is ready for immediate occupancy. The property was renovated in 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $1,629,563

  6.5%

  $1,504,212

  7%

  $1,396,768

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,213,164

  Geo Method

  $2,213,164

• Alternative Use

  Use

  Valuation

  Residential

  $1,268,859

  Hospitality

  $1,162,268

  Educational

  $966,993

  Medical

  $1,000,250

  Retail

  $1,504,212

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7247

Longitude

-121.834

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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