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230 W 2nd St
For Sale $1,950,000
$1,950,000
- 3 Units
- Unknown Sq Ft
- 10,454 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,950,000 |
| Property Type | Special Purpose |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1906 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 004052008000 |
| MLS # | SN24053933 |
| Property ID | 320346191 |
| Lot Sqft | 10,454 |
| Zoning | Unknown |
| Total Units | 3 |
| Days on Market | 683 |
| Original List Price | $1,950,000 |
| Date Updated | December 30, 2025 |
| Date Created | March 26, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Alisha Simpkins an agent of Keller Williams Realty Chico Area. Lic #01772692
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of December 30, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT