353 East 2nd Street, Chico, CA 95928 | Listings

353 East 2nd Street, Chico, CA 95928

  • $999,999
  • Commercial
  • Listing #SN20237478

Property Description

Welcome to the beautiful, downtown Chico- the City of Trees. Up for sale for the first time in over 20 years is the iconic Chico News and Review building. This two story building consists of several offices- most with lovely views of downtown Chico through the upgraded windows, conference rooms, 4 total bathrooms, large open areas, plenty of storage, and a basement. Fiber optic internet available & security alarm installed. The property's water source is a well that has tested free from contaminants in the near past with Cal Water hook ups available in the street. The property includes a private parking lot and plenty of on street parking options including a large public parking lot across the street on Flume which is host to the bustling Saturday morning Farmer's Market which brings lots of great foot traffic. Your daily exposure for your signage is enhanced with the new round about the city put in to accommodate the heavy traffic flow. The building had previously served as a mixed- commercial/ residential property with multi residential units on the top floor prior to being converted to fully commercial. Lots of options available for the potential buyers. The building is partially tenant occupied but can offer an owner occupant buyer the option to purchase and occupy all or part of the space. For the investor-buyer, the pro-forma CAP rate for this building is approximately 8%. Give us a call for more information, to request the floor plans, or to schedule a showing.

Listing Details

Price$999,999
Property TypeCommercial
Listing #SN20237478
StatusActive
CountyButte
Listing TypeFor Sale

Interior Features

Heating and CoolingCentral, Central Air
LaundryNone

Courtesy of Elisa Logan (License #02022183) and Candace Andel (License #02040053), Century 21 Select Real Estate, Inc.

Based on information from CARETS as of 5/13/2021 1:53 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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This content last updated on 5/13/2021 1:53 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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