Commercial Property — 350 Salem Street, Chico, CA

$1,925,000

350 Salem Street, Chico, CA

350 Salem Street, Chico, CA 95928 — $1,925,000 · Commercial Real Estate for Sale — photo 3

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About this property

Priced to move! If you are an investor, the proforma returns can be strong; even with a below-market lease. Come and see this downtown Office Commercial property with a lot of flexibility. This could be an excellent owner/user opportunity or even a long-term redevelopment prospect for the right buyer. The entire project was once the home to PG&E so locals are familiar with the location which was once the customer payment center. With excellent visibility and signage, there are multiple suites in the building at 350 Salem Street that are available for sale or lease either separately or as one large space which includes a large break room, many offices and meeting spaces and several restrooms. Suites 330 and 340 total approximately 3,000 and one is currently leased; Suites 344 and 346 are estimated at approximately 1,676 sf each; and the largest Suite 350 is approximately 10,165 sf and includes an upstairs space. All suites can be purchased together totaling approximately 16,590 sf. A smaller building next door at 310 Salem is also available for lease or sale. The visibility on Salem Street is excellent with signage opportunities for each suite and access to common area restrooms. There is a lot of flexibility here for varying uses - some improvements may be necessary for particular uses. Even better ... this downtown property has an adjacent lot on-site with approximately 13 spaces exclusive to this property plus plenty of street parking and it’s right across from the parking garage! *Seller financing to be considered