1230 1250 Esplanade, Chico, CA 95926
Commercial property
Sold August 2024
Listing Agent: Michael Donnelly (DRE #01429436) · Listing Office: Coldwell Banker C&C Properties · Contact: 530-828-0011 · Bought with: Frank Ross · Century 21 Select Real Estate, Inc. · MLS #SN23211909 · Source: CRMLS
About this commercial property
Once, in a generation opportunity to purchase two iconic properties along the beautiful, world-renowned Esplanade, historic Gateway to downtown Chico. This offering includes "The Red tavern building", a 4,802 square-foot mixed use commercial building, and the "Nopel House", a beautiful, 1,379 square-foot home converted into an office building. Both buildings sit on two separate parcels and are being sold together because they share parking and patio lease space. The Nopel house at 1230 Esplanade is a classic Chico charmer, built in 1907 and beautifully restored into a contemporary commercial office. Perfect for any professional use for those who appreciate a stately location in a stylish business environment. Includes an exquisite side patio, currently leased to the Red Tavern. In the back is a large parking lot that is shared with the Red Tavern, and a small vacant yard area that might be utilized for future development or additional parking. The red tavern at 1250 Esplanade is a delightfully warm and colorful two-story commercial building constructed in 1905 with four units. The showpiece is the Red Tavern itself with approximately 1,776 sq ft of downstairs kitchen and fine dining space. The beautiful outdoor patio is leased from the adjacent property next door. The second ground floor commercial unit is approximately 1,248 Sq ft and is also leased to the Red Tavern. Two upstairs apartments approximately 816 Sq ft and 960 Sq ft are also fully leased. The Red tavern Business is not for sale only the real property, but will remain as tenant.
Listing description from the August 2024 sale, as reported to CRMLS.
Sale history