165 Rio Lindo Ave, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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165 Rio Lindo Ave
Chico, California 95926
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,731Sq Ft
11,326Lot Size
Property Price
LIST PRICE$589,500
EST. MARKET VALUE
$589,500
SUMMARY
This mixed-use property represents a High-Potential Investment Opportunity, listed at a List Price of $589,500, which aligns with its $589,500 Fair Market Value. Featuring a Condition Rating of 4, the building offers a stable, established asset with diversified income streams from two commercial suites and one residential unit. The vacancy of the front suite provides immediate value-add potential for an owner-user to occupy or lease at market rates. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset in a prime central Chico location.
Estimated Market Value
$589,500
Based on Realkey algorithm analyzing recent comparable sales in Chico.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989, this mixed-use property is well-maintained but shows clear signs of its age. The interiors feature dated elements such as laminate countertops, older cabinetry, fluorescent lighting in commercial areas, and standard 1980s-style fixtures. While functional and move-in ready for tenants, it lacks recent modern renovations to the kitchen, bathrooms, and flooring, placing it firmly in the fair category based on its 37-year age and original styling.
PROSSTRENGTHS & OPPORTUNITIES
- Diversified Income Streams
The mixed-use configuration featuring two commercial suites and one residential unit provides a balanced and resilient cash flow from multiple sectors, reducing overall investment risk.
- Prime Central Location
Situated near downtown Chico and Enloe Medical Center, the property benefits from high visibility and strong demand for both professional office space and residential housing.
- Owner-User Flexibility
The vacancy of the front commercial suite offers a unique opportunity for a business owner to occupy a high-traffic location while offsetting their mortgage with existing rental income from the other units.
CONSRISKS & DEFICIENCIES
- Immediate Vacancy Risk
The front commercial unit is currently vacant, which requires the new owner to immediately address marketing and potential tenant improvements to reach the property's full income potential.
- Management Complexity
Operating a mixed-use property involves navigating different lease structures and regulatory requirements for both commercial and residential tenants, which can be more demanding than single-use assets.
About 165 Rio Lindo Ave
Great opportunity to own a mixed-use income property in a convenient central Chico location near downtown and Enloe Medical Center. This well-located, established building offers three separate units, including two commercial suites and one residential unit, making it ideal for investors or an owner-user. The front commercial suite is currently vacant, offering flexibility for an owner-operated business or new tenant occupancy at market rates. The middle commercial suite is occupied, providing existing income, while the rear residential unit is also tenant-occupied, creating additional steady cash flow. The property features a driveway in front plus a rear parking lot, offering valuable on-site parking for tenants, customers, or residents. A flexible layout, mixed income streams, and a highly accessible location make this a versatile property with strong potential.
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1989
- Lot Size
- 11,326 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Jan 29, 2026
$589,500
Initial Listing
Sold
Jan 20, 2006
$400,000
Public Record