60 Declaration Drive

Chico, CA 95973

PRICE REDUCED

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-$70,000 (-7.82%)

$825,000

List Price

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1989

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Property Description

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 7.38%, and an actual of 5.05%, this building could be an appealing investment opportunity, with a stable return. Invest in your own piece of Philadelphia Square!

Listing Information

List Price $825,000
Status Active
MLS SN24076812
Type Commercial
Subtype Office
Year Built 1989
Lot Size 23,087
Structure Size N/A
DOM 113
Courtesy Of Century 21 Select Real Estate, Inc.
Listing Agent Austin Barron DRE#02082721

Interior Features

Laundry Information
Location(s) None
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Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Austin Barron, Century 21 Select Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 18th, 2024 at 12:09 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.