306 W 7th Street Chico, CA 95928

$1,222,630 Active

About the Property

The iconic Afton Place frames the corner of Salem Street and W. 7th Street in downtown Chico. The property consists of six high quality office suites and two apartments. The office suites are well appointed with tall full light entry doors, large windows, their own electric meters, and long-term stable tenants. The third floor houses the two apartments. Both apartments are two bedroom and one bath accessed via two external staircases which are works of art. Each apartment has its own patio area overlooking the tree lined Chico streets and reserved parking space. The metal leaves that wind through the building’s high trellis that fronts the corner of the building was a collaboration with the RDA Public Art Fund Matching Program. Property offers two common area restrooms, a shared conference room and gated bike parking. On-site parking and unmetered street parking surround this unique mixed-use property. 100% leased with the opportunity to renew leases with many of the tenants to increase NOI. See supplemental documents for marketing packet with income and expense details. https://www.tourbuzz.net/1666701?idx=1

Property Information

Size 4,771 SqFt
Price/SqFt $256
Year Built 2004
Property Type Mixed Use
Listing Number SN20169640
Listed 8/19/2020
Modified 8/20/2020
Listing Agent Carrie Welch
Listing Office Coldwell Banker/DuFour

Property Features

# of Buildings
  • 1
# of Units Leased
  • 8
Stories Total
  • 3
Water Source
  • Public
Heating
  • Central
  • Heat Pump
Utilities
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected