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31349315
31349314

310 Salem St, Chico, CA 95928 For Sale

AF
CA CA 01198804
Tracy Realty Company
Listed by Tracy Realty Company
$770,000
113 days on market
Updated 103 days ago
Opportunity zone

310 Salem Street

Details
Property Type Office, Special Purpose
Sub Type Traditional Office
Square Footage 3,832
Tenancy Vacant
Price per SqFt $201

Well-maintained downtown professional office bldg w/functional buildout and available parking

Marketing description

Downtown commercial office space with parking! Located in the heart of Downtown Chico, just one block from Chico State, these properties offer on-site parking, a parking structure directly across the street and City Plaza just two blocks away. The buildings consist of multi-tenant office space with frontage on Salem Street. The larger building includes a highly sought-after paved, striped parking lot with approximately 13 spaces for downtown and university convenience.

Suite addresses: 310 Salem includes multiple private offices, two large assembly spaces/conference rooms, a break room, multiple restrooms and is above a large basement which will make improvements much easier if needed.

• Construction Type: Wood Frame & Concrete Block

• Roof: TPO

• Zoning: OC (Office Commercial)) - The OC zoning district is applied to areas appropriate for administrative, financial, business, professional, medical, and public offices, together with supporting commercial uses. The density range for residential development within the OC district is 6 to a maximum of 20 dwelling units per acre. The OC zoning district is primarily intended to implement the Office Mixed Use land use designation of the General Plan.

• Just one block from California State University, Chico and downtown proper with a wide arrange of service and goods businesses

• Higher Education & Academic Exposure and Opportunity

• Close to Transit Station - Across From City Parking Structure

• Excellent Revitalization Opportunity

• Street Frontage on Salem Street

Investment highlights

The property is an excellent owner/user opportunity. The highest and best use will be stability with a few larger tenants or even one large tenant. The property was fully leased to PG&E for many years and is currently set up to be easily used by one larger operation. The central downtown location also makes this an excellent candidate for a redevelopment project which could include multi-family residential. It is also available with the adjacent parcel to increase a buyer's footprint.

Listing Contacts

AF
CA CA 01198804
Tracy Realty Company
Listed by Tracy Realty Company

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Additional Information

Name
Arwen Funk
License
CA 01198804
Brokerage
Main & Main Commercial, Inc.
Brokerage Phone
530-893-1909
Brokerage Address
2550 Lakewest Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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