230 W 2nd Street Chico, CA $ 1,950,000
230 W 2nd Street
$ 1,950,000
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230 W 2nd Street

Chico, CA, 95928
$ 1,950,000
Baths0.0 Sq 9,768

Monthly Estimate*

$ 13,621

Listed by Keller Williams Realty Chico Area
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Studio

Commercial Property for sale in Chico, CA

for $1,950,000. This 9,768 square foot building was built in 1906 on a lot size of 0.24.

Own a piece of Chico History! The El Rey Theater has gone by a few names in its lifetime, the Majestic Theatre, The National, The American, and finally the El Rey. Through all of the changes, it's maintained its long tradition of film screening and a performance venue. Originally commissioned to be built by the Chico Elks Lodge in the Spring of 1903, it opened its doors for the first time in 1906 as the home of the Chico Elks Lodge 423. The first floor, at street level, was leased to the Majestic Theatre Company which opened The Majestic Theater in Spring of 1906. The current owners began the renovation and restoration of the historic theater in 2017, investing in an entirely new state-of-the-art sound, lighting, and a high-definition LED video wall production. As a result of the remodel, the El Rey has become a popular performance and event venue, and with more renovations an expanded income is highly possible. This property also includes two additional street-facing suites. One unit is a food and beverage store, and the other is set up for a retail store, allowing for additional income opportunities. From the beginning until today, The El Rey Theater has not only provided community performance and cinema space for the city of Chico, but it has also served as a historic landmark that binds the entirety of its downtown cityscape.

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Commercial Active

Price

$ 1,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

SpecialPurpose

Lot Size

0.24

Year Built

1906

Town/City

Chico

County/Region

Butte

MLS | Web ID

SN24053933

Days on Market

34

Features
General
Utilities ElectricityConnected SewerConnected UndergroundUtilities WaterConnected
Year Built 1906
Property SubType SpecialPurpose
Business Type ArtsandEntertainment FoodBeverage Retail
Building Name El Rey Theater
County Butte
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions From Broadway St Turn Right onto W 2nd St Property is on the Right-Hand Side.
City Chico
View Y/N N
Senior Community Y/N N
Total Units 3
Lot Size Square Feet 10454.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name 2nd
Listing Terms Cash CashtoNewLoan
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 6
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Year Built Source Assessor
Property Sub Type Additional SpecialPurpose
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Exterior
Fencing Security
Lot Features NearPublicTransit RectangularLot StreetLevel
Water Source Public
Lot Size Area 10454.0
Number of Buildings 1
Spa N
Building Area Total 9768.0
Lot Size Acres 0.24
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup ElectricDryerHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 230
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* Excluded Features
List By
Keller Williams Realty Chico Area

Broker

(530) 809-3742

Phone

Affordability Calculator

$13,621
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,621
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/26/2024$1,950,000 Listed Price

Map


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230 W 2nd Street, Chico, CA, 95928 is a Commercial Property for sale at $1,950,000 with 9,768 sqft and a lot size of 0.24. 230 W 2nd Street is a studio with 0.0 baths and was built in 1906. The property's zip code is 95928 which is in Chico, CA