300-308 Salem St
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300-308 Salem St
5,804 SF 100% Leased Office Building Chico, CA 95928 $1,699,000 ($293/SF)
Investment Highlights
- LOCATED DIRECTLY IN DOWNTOWN CHICO
- PRIVATE OFF-STREET PARKING
- RECENTLY REMODELED
Executive Summary
Upscale office building in Downtown Chico with a recent full remodel and off-street parking available for sale. This versatile building is located on the hard corner of 3rd and Salem Streets and is just steps from all of what Downtown Chico has to offer. This single-story building is currently configured with 11 private offices, open workstations for 12+ people, huge conference/event room, staff lounge, four private restrooms, built-in reception and waiting area, tons of storage on main floor and attic (accessed by stairs), and private parking area. The building is constructed with an engineered glass system in the front to allow for abundant natural light throughout along with the many windows into the offices. The property is currently used as one 5,804 SF unit but was designed to be easily split into two separate units of approximately 2,100 SF & 3,700 SF, each with their own separate utility meters, bathrooms, and entrances fronting Salem Street. Upscale office building in Downtown Chico with a recent full remodel and off-street parking available for sale. This versatile building is located on the hard corner of 3rd and Salem Streets and is just steps from all of what Downtown Chico has to offer. This single-story building is currently configured with 11 private offices, open workstations for 12+ people, huge conference/event room, staff lounge, four private restrooms, built-in reception and waiting area, tons of storage on main floor and attic (accessed by stairs), and private parking area. The building is constructed with an engineered glass system in the front to allow for abundant natural light throughout along with the many windows into the offices. The property is currently used as one 5,804 SF unit but was designed to be easily split into two separate units of approximately 2,100 SF & 3,700 SF, each with their own separate utility meters, bathrooms, and entrances fronting Salem Street. Currently owner-occupied, the building could be available to a buyer within 60 days and could be suitable for either an investor or an owner/user that desires to occupy all or part of the building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,804 SF
Building Class
B
Year Built/Renovated
1958/2020
Price
$1,699,000
Price Per SF
$293
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,804 SF
Building FAR
0.74
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
OC - Office Commercial provides for professional office users, schools, public administration as well as accessory retail use.
Parking
40 Spaces (6.89 Spaces per 1,000 SF Leased)
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 004-131-003-000 | Improvements Assessment | $841,683 |
| Land Assessment | $338,130 | Total Assessment | $1,179,813 |
PROPERTY TAXES
Parcel Number
004-131-003-000
Land Assessment
$338,130
Improvements Assessment
$841,683
Total Assessment
$1,179,813
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300-308 Salem St
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