For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Brian Littrell Commercial Brokers of California
Nearby Locations
GET MORE INFORMATION
Theresa Grant
Broker | Team Owner | License ID: 01202881
Broker | Team Owner License ID: 01202881