Listing provided courtesy of Austin Barron of Century 21 Select Real Estate, Inc.. Last updated 2024-05-05 09:32:35.000000. Listing information © 2023 CRMLS.
Asking Price: $895,000
60 Declaration, Chico CA 95973
Community:
Status: Active
This Office property was built in 1989 and is priced at $895,000. Please see the additional details below.
Welcome to the Vernon House at 60 Declaration Drive, a distinguished two-story office building nestled in the vibrant community of Philadelphia Square. This remarkable property, constructed in 1989, offers a total of four fully occupied units. This property is an excellent fit for investors seeking a sound income-generating asset that radiates professionalism and functionality. Located in a planned development area, the property benefits from its strategic positioning close to main thoroughfares, offering easy access for commuting and business operations. With a proforma Capitalization Rate of 6.53%, and an actual of 4.38%, this building could be an appealing investment opportunity, with a stable return. Invest in your own piece of Philadelphia Square!
