460 Rio Lindo Avenue, Chico, CA 95926

About this commercial property

Back on Market due to no fault of Seller. Office Investment Opportunity with solid CAP Rate, and recent 3 year Lease Extension in place. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated (i.e. new roof/gutters, HVAC upgrade, and extensive interior remodel. Total cost of improvements was approx. $500k, over the last 36 Months), single story office building, with ample parking, and fenced/secure yard space, for parking the PG&E work trucks/rigs overnight.

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

Sale history

$1,950,000

Sold July 2023 · listed $2,100,000, orig. $2,250,000, on market July 2021 · MLS #SN21143166 · Source: CRMLS

Listing Agent: Brian Littrell · Listing Office: Coldwell Banker C&C Properties · Contact: 530-895-1545 · Bought with: Brian Littrell · Coldwell Banker C&C Properties

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