Chico, CA 95928,230 W 2nd ST
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$ 1,950,000
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230 W 2nd ST Chico, CA 95928

9,768 SqFt


UPDATED:

09/04/2024 09:11 PM

Key Details

Property Type Commercial

Sub Type Specialty

Listing Status Active

Purchase Type For Sale

Square Footage 9,768 sqft

Price per Sqft $199

MLS Listing ID SN24053933

HOA Y/N No

Year Built 1906

Lot Size 10,454 Sqft

Acres 0.24

Property Description

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.

Location

State CA

County Butte

Interior

Laundry Gas & Electric Dryer Hookup, Washer Hookup

Exterior

Fence Security

Utilities Available Electricity Connected, Sewer Connected, Underground Utilities, Water Connected

Building

Lot Description Level with Street, Rectangular Lot, Near Public Transit

Story 2

Water Public

Others

Special Listing Condition Standard

Confidential INFO

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

PRIVATE REMARKS Please DO NOT DISTURB businesses!! Agents, please ensure buyers are made aware that all info obtained through sources deemed reliable however accuracy cannot be guaranteed. Listing agent hasn’t verified seller disclosures, info provided by sellers/others or any public records. Buyers are encouraged to investigate/verify all info / aspects of property and have inspections performed to satisfy self.

SHOW CONTACT TYPE Agent

SHOW INSTRUCTIONS Please DO NOT DISTURB businesses!! Please Call Listing Agent(s) to arrange a private tour. 24 hour notice is required for all showings. Agent must be present during the appointment. Alisha Simpkins - 530.354.4244 Rob Haley - 530.228.3482


CRMLS Plus
Listed by Keller Williams Realty Chico Area

Candice Blair

Broker Associate | License ID: 01395953 ‌

+1(949) 466-0620

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230 W 2nd ST