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$795,000

FOR SALEActive

351 E 6th Street

Chico CA 95928

5,515

SF

Retail

Type

1900

Built

$144/SF

Cost/SF

29 days on marketNalren refreshed

Listing Agent

Brandon Harris

Listing Agent

DRE #: 01318261

(530) 828-9289

Brokerage: Harris Commercial Real Estate

Location Analysis

MapProperty Location

About This Property

100% Leased Multi-Tenant Commercial Property Near Downtown Chico. 351, 361, 363 and 365 E. 6th Street comprise a fully leased, multi-tenant commercial property situated on a prominent hard-corner location near Downtown Chico. Surrounded by dense residential in an established, highly walkable neighborhood, the property is occupied by a complementary mix of neighborhood-serving businesses, including the landmark Pageant Theatre, Tender Loving Coffee House, Ultra Beautician and Sixth Street Secondhand. The tenants provide a balanced combination of entertainment, food and beverage, personal services and specialty retail. Several have longstanding operating histories at the property, with some having occupied the building for decades. Recent capital improvements include roof, exterior paint, and interior/exterior ADA upgrades. Its close proximity to Downtown Chico allows the property to benefit from the area’s established customer base, daytime employment and student population, dining and entertainment activity, and steady flow of pedestrian and vehicle traffic, while still serving the surrounding residential neighborhood. With 100% occupancy, multiple established tenants, dedicated on-site parking and a strong corner location, the property offers a stabilized investment with a durable presence in one of Chico’s most distinctive neighborhoods.

Property Information

Property Overview

Commercial - Retail

Property Type

Active

Status

0.26 acres

Lot Size

4

Total Units

5,515 SF

Square Footage

$144.15/SF

Price per SF

6.57%

Cap Rate

$52K

NOI

$8,745

Annual Tax

1,900

Year Built

1

Stories

Property Highlights

N/A Property

Prime Location with High Visibility

6.57% Cap Rate

Location Analysis

Map

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