2424 Park Ave
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2424 Park Ave
3,400 SF Industrial Building Chico, CA 95928 $590,000 ($174/SF)
Investment Highlights
- High traffic count, each unit has its own suite address and own metered utilities
Executive Summary
Realist 2.0 Assessor Map
2424 Park Ave , Chico 95928
STATUS: Active LIST CONTRACT DATE: 09/12/24 LISTING ID: SN24189967 LIST PRICE: $590,000
PROP TYPE: Commercial Sale PROP SUB TYPE: Mixed Use
SELLER WILL CONSIDER
CONCESSIONS IN OFFER: PARCEL #: 039430032000
1 / 44Suite 100
E
Map
SQFT(SRC): 3,400
SQFT LOT: 11,326 (E)
ACRES: 0.260
BUSINESS NAME:
BUSINESS TYPE:
YEAR ESTABLISHED:
YEAR BUILT:
SLC: Standard
LEVELS: 1
CURRENT USE:
ACTUAL RENT:
RENT MIN - MAX $/SF/YR:
NUMBER OF UNITS: 6
ENTRY LEVEL: 1
BUILDING STATUS: Existing
OCCUPANCY:
BUILDING $/PER SQFT: $173.53
LAND $/PER SQFT:
DAYS ON MARKET: 20
COUNTY: Butte
PARCEL MASTER:
INVEST?: Yes A/C?:Yes
FENCE?: Yes HEAT?:Yes
DESCRIPTION
For Sale: Unique Park Avenue Property with Three Distinct Buildings Location: Park Avenue Property Overview: Front Building: Size: 1,220 SF Features: Prime Park Avenue frontage with excellent visibility. Includes retail space in the front window, two open rooms, and a small restroom at the rear. Can also be used as a restaurant or office space. Middle Building: Size: 1,550 SF Type: Metal and block warehouse Features: Equipped with fenced yard access and a restroom. Ideal for storage or business, warehouse, manufacturing convert it into a 2 or 3-bedroom apartment. Rear Building: Size: 630 SF Type: single-family resident Features: One bedroom, one bath, with an indoor laundry area and a large, secluded yard. Perfect for rental income or personal use, with the possibility of expanding it into a 2 or 3-bedroom home. Opportunities: Each unit has its separate utilities, including electric, gas, and sewer, water is shared Mixed-Use Potential: Utilize the front building for your business while generating rental income from the rear single-family home. On-Site Living: Live on the property and run your business from the front building, with the added convenience of the rear single-family home for personal use. Owner financing is available with 25% down, 9% interest rate for 10 years. This unique property offers versatility and value, making it an excellent investment opportunity. Don't miss out—schedule a viewing today! the middle warehouse is being rented to the front tenant for a low price to keep it occupied during the sale.
2424 Park Ave , Chico 95928
STATUS: Active LIST CONTRACT DATE: 09/12/24 LISTING ID: SN24189967 LIST PRICE: $590,000
PROP TYPE: Commercial Sale PROP SUB TYPE: Mixed Use
SELLER WILL CONSIDER
CONCESSIONS IN OFFER: PARCEL #: 039430032000
1 / 44Suite 100
E
Map
SQFT(SRC): 3,400
SQFT LOT: 11,326 (E)
ACRES: 0.260
BUSINESS NAME:
BUSINESS TYPE:
YEAR ESTABLISHED:
YEAR BUILT:
SLC: Standard
LEVELS: 1
CURRENT USE:
ACTUAL RENT:
RENT MIN - MAX $/SF/YR:
NUMBER OF UNITS: 6
ENTRY LEVEL: 1
BUILDING STATUS: Existing
OCCUPANCY:
BUILDING $/PER SQFT: $173.53
LAND $/PER SQFT:
DAYS ON MARKET: 20
COUNTY: Butte
PARCEL MASTER:
INVEST?: Yes A/C?:Yes
FENCE?: Yes HEAT?:Yes
DESCRIPTION
For Sale: Unique Park Avenue Property with Three Distinct Buildings Location: Park Avenue Property Overview: Front Building: Size: 1,220 SF Features: Prime Park Avenue frontage with excellent visibility. Includes retail space in the front window, two open rooms, and a small restroom at the rear. Can also be used as a restaurant or office space. Middle Building: Size: 1,550 SF Type: Metal and block warehouse Features: Equipped with fenced yard access and a restroom. Ideal for storage or business, warehouse, manufacturing convert it into a 2 or 3-bedroom apartment. Rear Building: Size: 630 SF Type: single-family resident Features: One bedroom, one bath, with an indoor laundry area and a large, secluded yard. Perfect for rental income or personal use, with the possibility of expanding it into a 2 or 3-bedroom home. Opportunities: Each unit has its separate utilities, including electric, gas, and sewer, water is shared Mixed-Use Potential: Utilize the front building for your business while generating rental income from the rear single-family home. On-Site Living: Live on the property and run your business from the front building, with the added convenience of the rear single-family home for personal use. Owner financing is available with 25% down, 9% interest rate for 10 years. This unique property offers versatility and value, making it an excellent investment opportunity. Don't miss out—schedule a viewing today! the middle warehouse is being rented to the front tenant for a low price to keep it occupied during the sale.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,200
|
$10.94
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,200
|
$10.94
|
| Taxes |
$4,800
|
$1.41
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,800
|
$1.41
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $10.94 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $37,200 |
| Annual Per SF | $10.94 |
| Taxes | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $1.41 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $1.41 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Amenities
- Bus Line
- Fenced Lot
- Fluorescent Lighting
- Air Conditioning
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Bike Score ®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,113,137 | |
| Land Assessment | $309,944 | Annual Taxes | $4,800 ($1.41/SF) |
| Improvements Assessment | $803,193 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$309,944
Improvements Assessment
$803,193
Total Assessment
$1,113,137
Annual Taxes
$4,800 ($1.41/SF)
Tax Year
2023
zoning
| Zoning Code | M2 |
| M2 |
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2424 Park Ave
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