669 Palmetto AveChico, CA 95926

Property Details for 669 Palmetto Ave

Year built

1984

Construction

WOOD

Lot size

0.02 AC

Property size (Sq ft)

1,081 SF

Zone code

OR

Property type

Office properties

Property subtype

Office buildings

APN

003-330-005-000

APU

3330005000

Description

This exceptional Chico office property offers two combined condo units totaling 1,636 square feet of modern, well-lit space within the meticulously maintained Palmetto Plaza. Ideally situated near a variety of amenities including Safeway, McDonald's, and Plumas Bank, this location provides unparalleled convenience for both clients and employees. Currently configured as a law office, the versatile floor plan includes a welcoming reception area, dedicated administrative space, a client conference room, a mail and copy room, two private offices, a small break area, and two bathrooms. The contemporary design and efficient layout maximize functionality and create a professional atmosphere. The property boasts a desirable price point and straightforward ownership process, making it an attractive investment opportunity. Parcel numbers 003-330-006 and 003-330-007 encompass Suites F & G. The 0.02-acre lot provides ample parking and accessibility. This turnkey solution is ready for immediate occupancy and presents a rare opportunity to acquire high-quality office space in a prime Chico location. Don't miss this chance to own a piece of Palmetto Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $194,820

  6.5%

  $179,834

  7%

  $166,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $154,345

  Geo Method

  $154,345

• Alternative Use

  Use

  Valuation

  Residential

  $222,994

  Hospitality

  $204,261

  Educational

  $169,943

  Medical

  $175,788

  Retail

  $264,356

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7388

Longitude

-121.834

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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