1026 Sheridan AveChico, CA 95926

Property Details for 1026 Sheridan Ave

Year built

1950

Construction

WOOD

Lot size

0.20 AC

Property size (Sq ft)

2,195 SF

Zone code

CITY

Property type

Office properties

Property subtype

Office buildings

APN

003-510-053-000

APU

3510053000

Description

This exceptional 2,195 square foot office building, situated on an 8,712 square foot lot in Chico, California (zip code 95926), presents a unique investment opportunity. Built in 1950, this single-story structure is zoned OR (Office Residential) and boasts a convenient location near Highway 99, ensuring easy access for clients and employees. The property includes 11 dedicated parking spaces within its private lot, supplemented by ample street parking. The interior layout is highly functional and versatile, featuring a spacious reception area with two built-in counters, six private offices ideal for individual professionals or teams, a large breakroom/work area perfect for collaborative projects, a well-equipped kitchenette, two restrooms, and a dedicated conference room for meetings and presentations. The property's adaptable design makes it suitable for a variety of businesses, from executive suites to medical practices and traditional office settings. The asking price is $499,000. The Assessor's Parcel Number (APN) is 003510053000. This is a rare opportunity to acquire a well-maintained, established office building in a thriving Chico location.

• CAP approach

  CAP return

  Valuation

  6%

  $395,588

  6.5%

  $365,158

  7%

  $339,075

• Comparable approach

  Method

  Valuation

  Relative Method

  $313,402

  Geo Method

  $313,402

• Alternative Use

  Use

  Valuation

  Residential

  $452,796

  Hospitality

  $414,758

  Educational

  $345,074

  Medical

  $356,942

  Retail

  $536,782

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7445

Longitude

-121.832

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].