1020 Main ST, Chico, CA 95928
1020 Main ST, Chico, CA 95928
1020 Main ST, Chico, CA 95928
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$375,000
Est. payment /mo
10,454 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN26077085

HOA Y/N No

Year Built 1945

Lot Size 10,454 Sqft

Property Sub-Type Retail

Property Description

Opportunity to acquire a fully leased, low-management restaurant investment property at a low price point in downtown Chico. Located at 1020 Main Street, this approximately 2,000 SF building is leased to Carnitas El Rincon, a 22-unit Mexican Restaurant operator, on a 5-year lease commencing May 1, 2025, with set annual rent increases built in. This well-positioned asset benefits from its history as a longstanding restaurant location spanning many decades, offering strong visibility and established restaurant use in one of Chico's most recognizable commercial corridors. The property also features a rear patio/storage area and a large private parking lot, a valuable amenity in the downtown market.
The building has recently undergone significant improvements in connection with the new tenancy, including new interior and exterior paint, updated flooring, upgraded lighting, a new electrical panel, and a NEW ROOF with warranty. Under the lease, landlord responsibility is limited to the roof, foundation, and structural elements of the premises, while the tenant is responsible for all utilities and day-to-day premises and mechanical maintenance obligations, creating an attractive investment opportunity at a low entry level price.

Location

State CA

County Butte

Interior

Fireplace No

Laundry None

Exterior

Present Use Commercial

Building

Lot Description Near Public Transit

Story 1

Water Public

Others

Tax ID 004431016000

Special Listing Condition Standard

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Listed by Brandon Harris Harris Commercial Real Estate 530-828-9289, DRE #01318261

NEARBY SCHOOL & BUSINESS

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