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Elvida Salazar

elvida.myagent@gmail.com +1(760) 801-9758

$1,950,000

Est. payment - /mo

10,454 Sqft Lot

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Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN24053933

HOA Y/N No

Year Built 1906

Lot Size 10,454 Sqft

Property Sub-Type Special Purpose

Property 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.

Location

State CA

County Butte

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Fence Security

Utilities Available Electricity Connected, Sewer Connected, Underground Utilities, Water Connected

Building

Lot Description Near Public Transit, Rectangular Lot, Street Level

Story 2

Water Public

Others

Tax ID 004052008000

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Alisha Simpkins Keller Williams Realty Chico Area 530-354-4244, DRE #01772692

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Elvida Salazar

+1(760) 801-9758

Realtor® | Property Management Specialist License ID: DRE# 01775858

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230 W 2nd ST Chico, CA 95928

Elvida Salazar

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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