$795,000
FOR SALEActive351 E 6th Street
Chico CA 95928
5,515
SF
Retail
Type
1900
Built
$144/SF
Cost/SF
Listing Agent
Location Analysis
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
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
6.57%
Cap Rate
$52,209
NOI
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Closed commercial sales reported, newest first.