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460 Rio Lindo AVE Chico, CA 95926
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Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN21143166
Sold Date 07/24/23
HOA Y/N No
Year Built 1976
Annual Tax Amount $23,397
Tax Year 2019
Lot Size 1.260 Acres
Property Sub-Type Office
Property Description
Back on Market due to no fault of Seller. Office Investment Opportunity with solid CAP Rate, and recent 3 year Lease Extension in place. Currently occupied by PG&E, as the sole tenant, for the last 30 years +/-, the Subject Property is a well maintained, recently updated (i.e. new roof/gutters, HVAC upgrade, and extensive interior remodel. Total cost of improvements was approx. $500k, over the last 36 Months), single story office building, with ample parking, and fenced/secure yard space, for parking the PG&E work trucks/rigs overnight.
Location
State CA
County Butte
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Composition
Total Parking Spaces 70
Building
Lot Description Landscaped, Near Public Transit, Paved, Rectangular Lot, Sprinkler System, Street Level
Story 1
Water Public
Others
Tax ID 006250007000
Security Features Closed Circuit Camera(s),Smoke Detector(s),Security Lights
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard, Trust
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