650-660 Rio Lindo Ave 2 Office Properties Offered at $2,250,000 in Chico, CA

Marcus & Millichap is pleased to present 650–660 Rio Lindo Ave, a 12,742 gross square foot, two-building, multi-tenant medical office portfolio located in Chico, California (the “Property”). The portfolio consists of two separately parceled buildings, with 650 Rio Lindo Ave featuring four suites and 660 Rio Lindo Ave featuring two suites. Each building is situated on its own parcel with a dedicated parking lot, providing investors with the flexibility to acquire the buildings together as a portfolio or individually.
Constructed in 1993 and situated on approximately 1.50 acres in total, the Property offers well-maintained, single-story medical office buildings. The Property is currently 100% leased, providing stable in-place income. Positioned within Chico's highly desirable medical corridor, the Property benefits from exceptionally strong market fundamentals. With the vacancy rate in Chico at approximately 3%, there is strong demand for medical office space, further reinforcing the Property’s positioning within a supply constrained environment.
The Property is less than two miles from Enloe Medical Center, a 300+ bed regional hospital that serves as the area's leading healthcare provider. It's location provides convenient access to Highway 99 and the region's major arterial roadways. The site offers ample parking and convenient access to primary thoroughfares, enhancing accessibility for both patients and staff.