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1020 Main St
For Sale $390,000
$390,000
- Units
- Unknown Sq Ft
- 10,454 Sq Ft
- Unknown Cap Rate
Description
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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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 | $390,000 |
| Property Type | Retail |
| Usable Sqft | Unknown |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1945 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 004431016000 |
| MLS # | SN26077085 |
| Property ID | 322741187 |
| Lot Sqft | 10,454 |
| Zoning | Unknown |
| Days on Market | 29 |
| Original List Price | $390,000 |
| Date Updated | April 10, 2026 |
| Date Created | April 06, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Brandon Harris an agent of . Lic #01318261
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of April 10, 2026 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.
Robert Crawford
REAL ESTATE AGENT