12
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$390,000
Est. payment /mo
10,454 Sqft Lot
Active
1020 Main ST Chico, CA 95928
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN26077085
HOA Y/N No
Year Built 1945
Lot Size 10,454 Sqft
Property Sub-Type Retail
Property Description
Opportunity to acquire a fully leased, low-management restaurant investment property at a low price point in downtown Chico. Located at 1020 Main Street, this approximately 2,000 SF building is leased to Carnitas El Rincon, a 22-unit Mexican Restaurant operator, on a 5-year lease commencing May 1, 2025, with set annual rent increases built in. This well-positioned asset benefits from its history as a longstanding restaurant location spanning many decades, offering strong visibility and established restaurant use in one of Chico's most recognizable commercial corridors. The property also features a rear patio/storage area and a large private parking lot, a valuable amenity in the downtown market.
The building has recently undergone significant improvements in connection with the new tenancy, including new interior and exterior paint, updated flooring, upgraded lighting, a new electrical panel, and a NEW ROOF with warranty. Under the lease, landlord responsibility is limited to the roof, foundation, and structural elements of the premises, while the tenant is responsible for all utilities and day-to-day premises and mechanical maintenance obligations, creating an attractive investment opportunity at a low entry level price.
The building has recently undergone significant improvements in connection with the new tenancy, including new interior and exterior paint, updated flooring, upgraded lighting, a new electrical panel, and a NEW ROOF with warranty. Under the lease, landlord responsibility is limited to the roof, foundation, and structural elements of the premises, while the tenant is responsible for all utilities and day-to-day premises and mechanical maintenance obligations, creating an attractive investment opportunity at a low entry level price.
Location
State CA
County Butte
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description Near Public Transit
Story 1
Water Public
Others
Tax ID 004431016000
Special Listing Condition Standard
Listed by Brandon Harris Harris Commercial Real Estate 530-828-9289, DRE #01318261
NEARBY SCHOOL & BUSINESS
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