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Restaurant w/ Patio & Basement | Downtown 131 Broadway St 2,640 SF Retail Building Chico, CA 95928 $895,000 ($339.02/SF)
Investment Highlights
- Prime Downtown location just steps from CSUC
- Outdoor patio with expansion potential
- Surrounded by Chico’s most popular restaurants, bars, and shops
- Clear span construction with flexible layout
- Iconic building with long-standing restaurant history
- High pedestrian and vehicle traffic
Executive Summary
Prime Downtown Chico Restaurant Property – 131 Broadway Street
Located in the heart of Downtown Chico between 1st and 2nd Streets, just a half block from California State University, Chico, this mid-size restaurant building offers a rare opportunity to own real estate in one of the most vibrant and high-traffic blocks in the city. Formerly home to Smokin’ Mo’s BBQ for over 20 years—and with a legacy of successful restaurant operations spanning decades—131 Broadway boasts both charm and proven performance.
The ±2,640 SF main level features a spacious dining area with tall ceilings, exposed original brick walls, rustic hardwood flooring, and abundant natural light from skylights. The open kitchen includes a 12-foot hood with Ansul fire suppression system, prep area, walk-up cashier’s counter, and self-serve beverage station. Guests can also enjoy the large rear patio—approximately 1,700 SF—with plenty of room to expand the outdoor dining experience.
The ±1,800 SF basement offers excellent utility and functionality with an employee locker area, office area, mechanical room, storage space, walk-in refrigerator, sidewalk hatch for deliveries and easy utility modification.
This is a great opportunity to purchase an affordable restaurant property in a downtown location that truly can’t be beat.
Located in the heart of Downtown Chico between 1st and 2nd Streets, just a half block from California State University, Chico, this mid-size restaurant building offers a rare opportunity to own real estate in one of the most vibrant and high-traffic blocks in the city. Formerly home to Smokin’ Mo’s BBQ for over 20 years—and with a legacy of successful restaurant operations spanning decades—131 Broadway boasts both charm and proven performance.
The ±2,640 SF main level features a spacious dining area with tall ceilings, exposed original brick walls, rustic hardwood flooring, and abundant natural light from skylights. The open kitchen includes a 12-foot hood with Ansul fire suppression system, prep area, walk-up cashier’s counter, and self-serve beverage station. Guests can also enjoy the large rear patio—approximately 1,700 SF—with plenty of room to expand the outdoor dining experience.
The ±1,800 SF basement offers excellent utility and functionality with an employee locker area, office area, mechanical room, storage space, walk-in refrigerator, sidewalk hatch for deliveries and easy utility modification.
This is a great opportunity to purchase an affordable restaurant property in a downtown location that truly can’t be beat.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,640 SF
Building Class
B
Year Built
1900
Price
$895,000
Price Per SF
$339.02
Tenancy
Single
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
DN - Downtown North zoning allows for a multitude of retail and restaurant uses.
Frontage
32’ on Broadway St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Smokin' MO's Barbecue
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Smokin' MO's Barbecue | Retailer | - | - | - |
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 004-071-013-000 | Improvements Assessment | $157,732 |
| Land Assessment | $173,237 | Total Assessment | $330,969 |
Property Taxes
Parcel Number
004-071-013-000
Land Assessment
$173,237
Improvements Assessment
$157,732
Total Assessment
$330,969
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Restaurant w/ Patio & Basement | Downtown | 131 Broadway St
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