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Key Details
Sold Price $855,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,812 sqft
Price per Sqft $125
MLS Listing ID SN20237478
Sold Date 09/09/21
HOA Y/N No
Lot Size 8,276 Sqft
Acres 0.19
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.
Location
State CA
County Butte
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Community Features Park
Utilities Available Cable Connected, Electricity Connected, Phone Available, Sewer Connected
Building
Lot Description Corner Lot, Near Park, Near Public Transit, Walkstreet
Water Well
Others
Tax ID 004093010000
Security Features Prewired,Security System
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Joe Schwarz • Schwarz Realty
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960