This Retail Property is Off-Market.

3269 Esplanade
Chico, CA 95973 ·

6,175 SF · Retail For Sale

N/A

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Sol Mexican Grill Building In The Landmark

Price N/A Commission Split 3%
Building Size 6,175 SF Occupancy 28%
Property Type Retail Tenancy Multiple
Property Sub-type Free Standing Bldg Lot Size 0.45 AC
Property Use Type Net Lease Investment with 3 years left on lease APN / Parcel ID 006-190-045
Distressed Yes
Listing ID: 17062464 Date Created: 03/10/2011 Last Updated: 09/06/2011

Description

Now partially leased and price reduced! Stunning Pre 1900 rustic warehouse style architecture. Zoned CN, Neighborhood Commercial which allows for many different uses for neighborhood services. Building is a total of 6,175 s.f. 1486 s.f. is a completed restaurant and now leased for 3 years. The remainder is 4,689 s.f. which is separated from the restaurant by a breezeway. 2,050 s.f. is finished as a banquet room w/ a large beverage bar and 2 baths. These two areas could be leased seperately or as one large space. Cap Rate not known at this moment.

Building is located in the Landmark, a business park of 6 other upscale professional office buildings. This building fronts on the Esplanade, a main street that runs through Chico north and south. Nearest cross-street is Eaton Rd. This northwest Chico area is in the path of future development for many more new homes and apartments.

Research

3269 Esplanade, Chico, CA 95973 (Butte County)

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