CA > Chico
Chico, CA 95928,725 Broadway
Chico, CA 95928,725 Broadway
Chico, CA 95928,725 Broadway
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$2,750,000
Est. payment /mo
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0.74 Acres Lot
New

725 Broadway Chico, CA 95928

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Brian Winter

Brian Winter

+1(559) 737-2923

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN25260097

HOA Y/N No

Year Built 1900

Lot Size 0.740 Acres

Property Sub-Type Hotel/Motel

Property Description

Offered at $2,750,000, the Heritage Inn Express is a high-visibility and well-known 36 room hotel, located right in the heart of downtown Chico California. This fantastic investment provides a rare opportunity to acquire a property in the hospitality segment of the market with tremendous upside for an incoming owner/operator.

With its close proximity to not only the downtown area, but also Chico State University and Enloe Hospital, the property has the potential to draw from multiple different occupant demographics. Residents can easily walk to the many shops, well-known restaurants, Thursday night Farmer's Market, concerts in the park and other opportunities that the beautiful downtown area has to offer.

Many of the units have already been nicely updated with newer flooring, paint and fixtures and the property has been priced significantly below market to allow for remaining improvements to be completed.

***In addition to all of the benefits offered by the property itself, very attractive owner financing is also available, helping to ensure tremendous positive cash flow from day one.

Location

State CA

County Butte

Interior

Fireplace No

Laundry See Remarks

Building

Lot Description Rectangular Lot, Street Level

Story 1

Water Public

Others

Tax ID 004283010000

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry

Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry

Special Listing Condition Standard

CRMLS – RECore
Listed by Dan Bosch Re/Max of Chico

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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725 Broadway

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