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About the Listing CHHCRE - CH157000630
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.
Listing Highlights
Status
Active
Days on Site
40
Property Type
Commercial Sale
MLS ®
SN26077085
Year Built
1945
Total Square Footage
2,000
Lot/Acreage
0.24
County
Butte
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Near Public Transit,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 004431016000
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
1020 Main St Chico, CA 95928
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