Office - Medical Building For Sale | 572 Rio Lindo Ave
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Office - Medical Building For Sale 572 Rio Lindo Ave
16,120 SF 1% Leased Office Building Chico, CA 95926 $2,275,000 ($141/SF)
Investment Highlights
- Pair of Buildings For Sale
- Desirable Medical Hub Corridor
- Buy One or Both
- Highway Frontage
Executive Summary
Well kept office building with multiple units in the heart of the centrally located Rio Lindo Avenue commercial area. Beautiful lobby and sunlit entry way with very clean, professional common areas. Includes digital business directory and elevator. Good professional tenant mix with about half of the units occupied. Office suites are metered separately for maximum tenant flexibility. Currently there are nine tenants and five available suites, and the floor plan could allow up to 18 units. Buyer to verify. Great opportunity for an owner user or an investor poised to add upside value. The neighboring office building next door at 578 Rio Lindo Ave. is also For Sale. Please do not disturb tenants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
16,120 SF
Building Class
B
Year Built
1972
Price
$2,275,000
Price Per SF
$141
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,060 SF
Building FAR
0.27
Lot Size
1.39 AC
Zoning
C1
Parking
40 Spaces (2.48 Spaces per 1,000 SF Leased)
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Bike Score ®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 006-260-039-000 | Improvements Assessment | $1,357,197 |
| Land Assessment | $302,997 | Total Assessment | $1,660,194 |
PROPERTY TAXES
Parcel Number
006-260-039-000
Land Assessment
$302,997
Improvements Assessment
$1,357,197
Total Assessment
$1,660,194
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Office - Medical Building For Sale | 572 Rio Lindo Ave
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