1250 Esplanade, Chico, CA 95926
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1250 Esplanade Chico, CA 95926

$895,000
  • -- Beds
  • -- Baths
  • 6,179 Sq.Ft.
For Sale
$895,000 Get Pre-Qualified

Map preview of 1250 Esplanade, Chico, CA 95926

Property Overview: 1250 Esplanade Chico, CA has -- bedrooms, -- bathrooms, 6,179 living square feet and 20,621 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Once, in a generation opportunity to purchase two iconic properties along the beautiful, world-renowned Esplanade, historic Gateway to downtown Chico. This offering includes "The Red tavern building", a 4,802 square-foot mixed use commercial building, and the "Nopel House", a beautiful, 1,379 square-foot home converted into an office building. Both buildings sit on two separate parcels and are being sold together because they share parking and patio lease space. The Nopel house at 1230 Esplanade is a classic Chico charmer, built in 1907 and beautifully restored into a contemporary commercial office. Perfect for any professional use for those who appreciate a stately location in a stylish business environment. Includes an exquisite side patio, currently leased to the Red Tavern. In the back is a large parking lot that is shared with the Red Tavern, and a small vacant yard area that might be utilized for future development or additional parking. The red tavern at 1250 Esplanade is a delightfully warm and colorful two-story commercial building constructed in 1905 with four units. The showpiece is the Red Tavern itself with approximately 1,776 sq ft of downstairs kitchen and fine dining space. The beautiful outdoor patio is leased from the adjacent property next door. The second ground floor commercial unit is approximately 1,248 Sq ft and is also leased to the Red Tavern. Two upstairs apartments approximately 816 Sq ft and 960 Sq ft are also fully leased. The Red tavern Business is not for sale only the real property, but will remain as tenant.

Listed by Michael Donnelly | BRE #01429436 | Coldwell Banker C&C Properties
Co-listed by Brian Littrell | BRE #01350075 | Coldwell Banker C&C Properties
Last checked: 13 minutes ago | Last updated: February 2nd, 2024 | Source CRMLS | DOM: 174
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Home details

Lot Sq. Ft
20,621
HOA Dues
$0/mo
Year built
1905
Garage
--
Property Type:
Office
Status
Active
MLS#
SN23211909
City
Chico
County
Butte
Time on Site
199 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1250 Esplanade

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 003074018000
  • Entry Level: 1
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between 2nd & 3rd
View more facts & features

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Sale History for 1250 Esplanade

Last sold on January 16th, 2007
  • November, 2023

  • Nov 15, 2023

    Date

    Active

    CRMLS: SN23211909

    $908,000

    Price

  • January, 2007

  • Jan 16, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1250 Esplanade

Assessed Value (2020): $143,165
Year Land Value Improved Value Assessed Value
2020 $31,677 $111,488 $143,165

Home Value Compared to the Market

This property vs the competition

1250 Esplanade is listed 69.81% higher than the median list price for the city of Chico which has a median list price of $527,075. The median price per/sqft for Chico is $298 and this home is listed at $144.85 per/sqft which puts the price per square foot 51.39% lower than the median price per square foot for the city of Chico.

About 1250 Esplanade

Detailed summary of property

1250 Esplanade is a office located in Chico, CA 95926 and is currently for sale. This office offers -- bedrooms, -- bathrooms, roughly 6,179 living square feet, and sits on an approximately 20,621 square foot lot. 1250 Esplanade was first listed on ArdentRealEstateGroup.com on November 15, 2023. The homeowner is currently asking $895,000 and was originally asking $908,000. The median priced home in Chico is $527,075 with a median price per square foot of $298. Based on Ardent Real Estate Group's Chico Market Data, this home is listed 69.81% higher than the median priced home. Local competing homes currently for sale include 355 Placentia Ave #20, 9005 Arlington Ave and 4049 Almond St #2. While the average home in Chico, CA is selling in 61 days, 1250 Esplanade has a days on market of 174 days. There are currently 283 homes for sale in the Chico real estate market and 261 of them are single family homes while 21 of them are condos and 1 are townhomes. For more information on this home for sale at 1250 Esplanade Chico, CA 95926 contact Ardent Real Estate Group and we will put you in touch with one of our Chico agents.

Public Facts for 1250 Esplanade

Public county record property details
Beds
--
Baths
--
Year built
1905
Sq. Ft.
4,802
Lot Size
9,147
Stories
--
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Butte
Lot#
--
APN
003-074-018-000

The source for these homes facts are from public records.

95926 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$460,000
Median List Price/Sq.Ft.
$290
Median Sold Price
$473,000
Median Sold Price/Sq.Ft.
$304
Total Inventory
75
Median Sale to List Price %
97.53%
Avg Days on Market
35
Loan Type
Conventional (42.31%), FHA (7.69%), VA (3.85%), Cash (42.31%), Other (3.85%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.