• Units
• Unknown Sq Ft
• 4,792 Sq Ft
• Unknown Cap Rate

Description

Prime Downtown Chico Restaurant & Bar Opportunity.

Located in the absolute core of Downtown Chico, just steps from California State University, Chico, this premier restaurant and bar offers unmatched visibility along Broadway between 2nd and 3rd Streets. Consisting of two parcels, this building features striking architecture, a dramatic glass-front entrance, and multiple heated patios, the property is a true centerpiece in Chico’s bustling core. The interior has a mostly open floorplan with tall 15' ceilings, private banquet room, long-bar with 14 beer taps, and large ADA compliant restrooms. The rear patio is nearly 3,000 SF and features a bar area, engineered canvas awning systems, built-in fire pits, built-in gas heaters, floor drains, and storage. The two street-front patios are mostly shaded and have built-in gas heaters. The large kitchen is fully equipped with multiple Type II hoods, walk-in fridges, dishwashing line, warming station and more.

In 2018, the building underwent a comprehensive, seven-figure remodel from the ground up, leaving it nearly turn-key and ready for a new operator. Options are available for a buyer to acquire the existing Type 47 liquor license, Type 58 caterer license, and all existing furniture, fixtures, and equipment along with the real estate.

The location in the Downtown area could not be better: surrounded by a vibrant mix of retail, personal services, financial institutions, and dining operators on the ground floor, with offices and residential users above. With over 13,000 students enrolled at CSU, Chico just two blocks away and a dense concentration of businesses and housing in the immediate area, pedestrian traffic is consistently strong.

Downtown Chico also benefits from excellent access and amenities, including metered street parking (M–F, 9am–6pm), four street-level public lots, a three-story parking garage and a Downtown Chico PBID organization. The area is further energized by a robust calendar of annual events such as Thursday Night Markets, Friday Night Concerts, Saturday Farmer’s Market, Taste of Downtown, Slice of Chico, Art & Wine Walk, Chico Live Concert Series, Harvest Sidewalk Sale, ARTober Fest, Christmas Preview, and the seasonal Ice Rink in the Plaza. This is a rare opportunity to acquire a trophy restaurant/bar property in Chico’s most desirable location.