1080 Humboldt Ave 3,816 SF 100% Leased Office Building Chico, CA 95928 $959,000 ($251.31/SF) 3.50% Cap Rate

Located in the heartbeat of Chico, California, this historic property is adjacent to Little Chico Creek on Humbolt Avenue. Fully restored to utilize its full potential, this property has two buildings that have been maximized with wholesale, retail and living space. The smaller of two buildings serves as a retail café and bakery with a baker’s kitchen, outdoor patio, parking and utilities. The outdoor patio is prepared for future development to convert it to an enclosed expansion to the cafe, if desired. The outdoor patio is private with vine covered ornate vintage wrought iron fencing and stone walls. You will enjoy the year-round creek and natural beauty of the riparian location. The second large building has roughly 1600 sq/ft commercial warehouse space with epoxy covered wood flooring and an additional 400 appx. sq/ft of finished office space with HVAC and retail entrance. There is about 800sq/ft of usable, finished basement for storage. All buildings have 220/240amp, 3-phase power and the warehouse has a 2-inch gas line for commercial usage. Located at the end of the warehouse is a 2-bedroom garden apartment, with new HVAC. This has a nice private entrance, private patio and backyard. The compound was restored to its current grandeur in 2005. During the renovations the entire property was renovated to include new sewer lines, plumbing, electrical, patios, ingress and egress, parking, windows, stucco, sidewalks and city lights were installed to 2005 requirements. The owner took pride in bringing back the property to its full potential, restoring its rich history, for many years to come. Great investment opportunity to own fully leased property, in the heart of Chico!