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650 & 660 Rio Lindo Ave

2 Office Properties Offered at $2,549,000 in Chico, CA

Investment Highlights

  • features strong, long-term leases across seven suites, making it ideal for investors.
  • The property showcases pride of ownership with well-kept landscaping.
  • Ample parking available for tenants and visitors.
  • Predominantly occupied by dental offices, with one unit currently available for potential owner-occupancy.
  • Centrally located in the heart of Chico, surrounded by other professional medical offices, enhancing its appeal and growth potential.
  • Possible financing options for well-qualified buyers.

Executive Summary

This fabulous Professional Medical/Office complex has strong long-term Leases making it an ideal Investment opportunity!
With a total of Seven suites, mostly dental, this property shows pride of ownership, is nicely landscaped, and has ample
parking. There is potential for an owner-occupied investment opportunity with one unit currently available. Located in the Heart of Chico and surrounded by many other professional medical offices, this property has strength and growth potential for
your portfolio. There is potential for owner financing for well-qualified buyers.

Property Facts

Price $2,549,000
Price / SF $188.13 / SF
Cap Rate 6.98%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 13,549 SF
Total Land Area 1.52 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
650 Rio Lindo Ave, Chico, CA 95926 Office 8,748 SF 1993 -
660 Rio Lindo, Chico, CA 95926 Office 4,801 SF 1980 -
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  • Listing ID: 33460032

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 650 & 660 Rio Lindo Ave, Chico, CA

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