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1934 Esplanade, Chico, CA 95926

Commercial property

1934 Esplanade, Chico, CA 95926 Sold June 2023 CRMLS
$1,200,000Sold June 2023

Listing Agent: Emmett Jacobi (DRE #01896904) · Listing Office: Century 21 Select Real Estate, Inc. · Contact: 530-519-6333 · Bought with: Emmett Jacobi · Century 21 Select Real Estate, Inc. · MLS #SN23051860 · Source: CRMLS

9,124
Building Sq Ft
31
Units
$117,814
NOI
65,776 sqft
Lot Size
1951
Year Built
CC
Zoning
Commercial property
Type

About this commercial property

Rare opportunity to own the Matador Hotel. This historical Chico motel is a sprawling one-story building, built on an L-shape plan. White stuccoed walls with California Mission cloister-like arcaded passage contrast sharply against red-tiled roof and large palm trees. There are 31 rooms, 8 of those have kitchenettes. Sitting on over an acre and a half, there is lots of parking spaces, huge front lawn, and a fenced swimming pool. The property is in disrepair, and is looking for a new owner that can bring the motel back to its former glory.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$1,200,000
Sold June 2023 · listed $1,250,000, on market March 2023 · MLS #SN23051860 · Source: CRMLS
Listing Agent: Emmett Jacobi · Listing Office: Century 21 Select Real Estate, Inc. · Contact: 530-519-6333 · Bought with: Emmett Jacobi · Century 21 Select Real Estate, Inc.
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