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110 Independence Chico, CA 95973
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Key Details
Sold Price $929,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SN26075929
Sold Date 07/22/26
HOA Y/N No
Year Built 1992
Lot Size 0.540 Acres
Property Sub-Type Office
Property Description
Fully remodeled and 100% leased. Great location in the established Philadelphia Square professional complex. Two strong and established businesses - GCI Insurance Brokers and Butte Home Health with new 3 and 5 year leases in place. Recent improvements include all new flooring, interior and exterior paint and updated lighting throughout. Ideally situated with direct Highway 99 access and ample on-site parking. Below market rents provide significant upside potential. Current gross income of $84,240/year with annual increases, providing a strong cap rate for a new investor.
Location
State CA
County Butte
Interior
Heating Central
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 006210082000
Financing Cash
Special Listing Condition Standard
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Bought with Brian Littrell Commercial Brokers of California