165 Rio Lindo Ave, Chico, California 95926, Chico, 95926 - 0 bed, 0 bath
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Chico, California 95926
Analysis of 165 Rio Lindo Ave, Chico, California 95926 is currently available with a list price of $589,500. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,731 | 4,279.5 | 50% |
| Lot Size | 11,326 | 10,672.5 | 50% |
| Price | $589.5K | $807.2K | 50% |
| Price per sq ft | $216 | $196 | 50% |
| Built year | 1989 | 1987 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 221 | 50% |
Jan 29, 2026
$589,500
Initial Listing
Jan 20, 2006
$400,000
Public Record