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Berkshire Hathaway HomeServices California Properties

1020 Main Street, Chico, CA 95928

$375,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Brandon Harris | bharris@HarrisCRE.com
Lic#: 01318261
Broker: Courtesy of Harris Commercial Real Estate
Phone: 530-419-1600

Listing Details

Property type: Retail (Commercial)

Property Sub-Type:

Status: Pending

Listing ID: SN26077085

List price is $375,000 Reduced by $15,000 on 6/30/2026

Price: $375,000

Rental Rate: $375,000

Lot Size:

Built in 1945

0.24 acres

County: Butte

Lot description: Near Public Transit

Last Updated: 7/15/2026

Days On Market (DOM): 92

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Lat/Long: 39.724835, -121.833782.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

Opportunity to acquire a fully leased, low-management restaurant investment property at a low price point in downtown Chico. Located at 1020 Main Street, this approximately 2,000 SF building is leased to Carnitas El Rincon, a 22-unit Mexican Restaurant operator, on a 5-year lease commencing May 1, 2025, with set annual rent increases built in. This well-positioned asset benefits from its history as a longstanding restaurant location spanning many decades, offering strong visibility and established restaurant use in one of Chico’s most recognizable commercial corridors. The property also features a rear patio/storage area and a large private parking lot, a valuable amenity in the downtown market. The building has recently undergone significant improvements in connection with the new tenancy, including new interior and exterior paint, updated flooring, upgraded lighting, a new electrical panel, and a NEW ROOF with warranty. Under the lease, landlord responsibility is limited to the roof, foundation, and structural elements of the premises, while the tenant is responsible for all utilities and day-to-day premises and mechanical maintenance obligations, creating an attractive investment opportunity at a low entry level price.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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