1824 Esplanade Rd
1,018 SF 100% Leased Retail Building Chico, CA 95926 $345,000 ($338.90/SF)
INVESTMENT HIGHLIGHTS
- Three buildings on one lot
- Functional layout includes individual office spaces, collaborative work area, a kitchen, and restroom for employee convenience
- Convenient access to key Chico amenities, with nearby medical, retail, and highway connections to serve a variety of clientele
- Includes a standalone commercial property, residential tiny home, and storage unit in Chico, CA
- Residential home has separate address
EXECUTIVE SUMMARY
1824 Esplanade offers excellent commercial visibility alongside the convenience of a separate residential unit and storage unit. This single-story, ±1,018 square foot building features abundant windows, three private offices, open work areas, a kitchen, and a restroom. Recently refreshed with updated flooring, paint, and a newer roof, the office space is both functional and inviting. At the rear of the property lies a separate residential tiny home and an additional storage shed, each with its own address. All units are currently tenant-occupied. Located in the heart of Chico, the property is surrounded by well-known neighbors like Big Al’s, the historic Matador Hotel, and is in close proximity to Enloe Medical Center.
Positioned along Chico’s vibrant Esplanade, 1844 Esplanade offers high visibility and easy access to an array of retail shops, dining options, and professional services. The location is conveniently close to Enloe Medical Center, downtown Chico’s attractions, and Bidwell Park, providing easy accessibility for residents and visitors alike. Just minutes from Highway 99, the property experiences steady pedestrian, bike, and vehicle traffic, making it suitable for a range of commercial uses.
Positioned along Chico’s vibrant Esplanade, 1844 Esplanade offers high visibility and easy access to an array of retail shops, dining options, and professional services. The location is conveniently close to Enloe Medical Center, downtown Chico’s attractions, and Bidwell Park, providing easy accessibility for residents and visitors alike. Just minutes from Highway 99, the property experiences steady pedestrian, bike, and vehicle traffic, making it suitable for a range of commercial uses.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,018 SF
Building Class
C
Year Built
1934
Price
$345,000
Price Per SF
$338.90
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.16 AC
Zoning
C1
Parking
4 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
53’ on Esplanade Rd
Walk Score®
Very Walkable (74)
Bike Score®
Very Bikeable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 003-391-010-000 | Improvements Assessment | $120,367 |
| Land Assessment | $55,059 | Total Assessment | $175,426 |
