Welcome to the beautiful, downtown Chico- the City of Trees. Up for sale for the first time in over 20 years is the iconic Chico News and Review building. This two story building consists of several offices- most with lovely views of downtown Chico through the upgraded windows, conference rooms, 4 total bathrooms, large open areas, plenty of storage, and a basement. Fiber optic internet available & security alarm installed. The property's water source is a well that has tested free from contaminants in the near past with Cal Water hook ups available in the street. The property includes a private parking lot and plenty of on street parking options including a large public parking lot across the street on Flume which is host to the bustling Saturday morning Farmer's Market which brings lots of great foot traffic. Your daily exposure for your signage is enhanced with the new round about the city put in to accommodate the heavy traffic flow. The building had previously served as a mixed- commercial/ residential property with multi residential units on the top floor prior to being converted to fully commercial. Lots of options available for the potential buyers. The building is partially tenant occupied but can offer an owner occupant buyer the option to purchase and occupy all or part of the space. For the investor-buyer, the pro-forma CAP rate for this building is approximately 8%. Give us a call for more information, to request the floor plans, or to schedule a showing.
Listing courtesy of Elisa Logan from Century 21 Select Real Estate, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.