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355 Panama Ave 16,722 SF Flex Building Chico, CA 95973 $1,295,000 ($77.44/SF)
INVESTMENT HIGHLIGHTS
- Situated on 2.3 acres in a high-traffic corridor, offering excellent visibility and access.
- Ideal for religious services, community centers, schools, event venues, or redevelopment opportunities.
- 15,000± sq. ft. church building with versatile spaces including a chapel for 300 guests, classrooms, offices, library, and conference room.
- Includes a duplex with a 2 bed/1 bath unit and a 1 bed/1 bath unit—perfect for staff housing or rental income.
EXECUTIVE SUMMARY
Exceptional opportunity to own a versatile property in a prime commercial location! This expansive 15,000± sq. ft. church facility with a duplex is situated on 2.3 acres and offers a wide range of potential uses, from continued religious services to community centers, schools, event venues, or redevelopment. Inside, the property features: A welcoming foyer and spacious chapel with seating for approximately 300 guests, multiple classroom spaces and offices ideal for educational or administrative use, a dedicated library, conference room, office space, classrooms, ADA-compliant restrooms, and flexible areas suitable for gatherings or programs. Additional property highlights include: A duplex with a 2 bed / 1 bath unit and a 1 bed / 1 bath unit- perfect for on-site staff housing or additional income, 110 parking spaces, ensuring ample room for guests or clients and excellent access in a high-traffic commercial corridor This unique property combines functionality, size, and location — making it a rare find with endless possibilities.
Shown by appointment only!
Shown by appointment only!
PROPERTY FACTS
| Price | $1,295,000 | Building Class | C |
| Price Per SF | $77.44 | Rentable Building Area | 16,722 SF |
| Sale Type | Owner User | No. Stories | 2 |
| Property Type | Flex | Year Built | 1946 |
| Zoning | OR - Office Residential/Mixed Use | ||
| Price | $1,295,000 |
| Price Per SF | $77.44 |
| Sale Type | Owner User |
| Property Type | Flex |
| Building Class | C |
| Rentable Building Area | 16,722 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | OR - Office Residential/Mixed Use |
AMENITIES
- Air Conditioning
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Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 006-510-001-000 | Improvements Assessment | $775,984 |
| Land Assessment | $230,533 | Total Assessment | $1,006,517 |
PROPERTY TAXES
Parcel Number
006-510-001-000
Land Assessment
$230,533
Improvements Assessment
$775,984
Total Assessment
$1,006,517
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355 Panama Ave
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