578 Rio Lindo AveChico, CA 95926
- Office properties
- 6,864 SF
Property Details for 578 Rio Lindo Ave
- Year built
- 1972
- Construction
- WOOD
- Lot size
- 0.73 AC
- Property size (Sq ft)
- 6,864 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 006-260-038-000
- APU
- 6260038000
Description
This exceptional 6,864 square foot executive office building, situated on a 0.73-acre lot at 578 Rio Lindo Avenue in Chico, California, presents a compelling investment opportunity. Built in 1972, this single-story building boasts five individual office suites. Currently, four of the suites are leased, providing immediate cash flow, while one suite is available for an owner-occupant or to lease to a new tenant, offering potential for increased revenue. The property's asking price is $960,000, translating to $140 per square foot. Its central location on Rio Lindo Avenue places it within a thriving commercial area, ensuring high visibility and accessibility. The property's APN is 006260038000. This is an ideal opportunity for an investor seeking a stable income stream with upside potential or an owner-user looking for a well-located space. The neighboring office building at 572 Rio Lindo Ave is also available for purchase. Tenants should not be disturbed.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,237,045
- 6.5%
- $1,141,887
- 7%
- $1,060,324
-
Comparable approach
- Method
- Valuation
- Relative Method
- $980,042
- Geo Method
- $980,042
-
Alternative Use
- Use
- Valuation
- Residential
- $1,415,940
- Hospitality
- $1,296,994
- Educational
- $1,079,084
- Medical
- $1,116,195
- Retail
- $1,678,574
Location Insight
- City
- Chico
- County
- Butte
- State
- California
- Latitude
- 39.755
- Longitude
- -121.848
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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