578 Rio Lindo AveChico, CA 95926

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 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.

• 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

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