500 W East Ave
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500 W East Ave
7,726 SF Office Building Chico, CA 95926 $1,845,000 ($239/SF)
Investment Highlights
- Very prominent office building
- Fully owned solar panel system
- Close to retail and restaurants
- Flexible layout and design
- Close to main traffic arteries and Hwys 99 + 32
- Flex space design with upscale office and attached warehouse
Executive Summary
One of the most prominent office/flex-space buildings in Chico, CA, 500 W. East Avenue, is now vacant and available for sale. This well-known stately building offers a sweeping two-story glass exterior with a recently remodeled interior. Located on one of the main thoroughfares in Chico, this building has great access to both Highways 99 and 32, and is situated in an area dominated by medical and professional office users including Enloe Medical Center which has plans for a 120,000 square foot expansion four parcels east. The building contains approximately 4,150 square feet of two-story office space consisting of waiting and reception areas, multiple standard and executive offices, conference room, break room, open workspace, storage, copy room, and back office areas. Also included is the approximately 3,000 square foot attached conditioned warehouse space with rollup door, dedicated AC units, gas heater, office space, storage rooms, mezzanine space and sinks. Additional facilities include a second floor patio off of the conference room, private garage with automatic garage door, and an 88-panel fully owned roof-mounted solar panel system. This building would be suitable for a user requiring a flex-space operation with ability to potentially expand the office area in the future. The building is well parked with 28 spaces and the property has been very well maintained.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
7,726 SF
Building Class
B
Year Built
1989
Price
$1,845,000
Price Per SF
$239
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,863 SF
Building FAR
0.29
Lot Size
0.62 AC
Zoning
OR
Parking
28 Spaces (3.62 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Central Heating
- Drop Ceiling
- Air Conditioning
- Balcony
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PROPERTY TAXES
| Parcel Number | 042-450-089-000 | Improvements Assessment | $1,428,000 |
| Land Assessment | $280,500 | Total Assessment | $1,708,500 |
PROPERTY TAXES
Parcel Number
042-450-089-000
Land Assessment
$280,500
Improvements Assessment
$1,428,000
Total Assessment
$1,708,500
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500 W East Ave
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