$895,000 - 131 Broadway Street, Chico

Chico Home For Sale

Located in the core of Downtown Chico between 1st and 2nd Streets, just a half block from California State University, Chico, this mid-size restaurant building with basement offers a rare opportunity for an operator or investor to own affordable real estate in one of the most vibrant and high-traffic blocks in the city. Formerly home to Smokin’ Mo’s BBQ for over 20 years—and with a legacy of successful restaurant operations spanning decades—131 Broadway boasts both charm and proven performance. The ±2,640 SF main level features a spacious dining area with tall ceilings, exposed original brick walls, rustic hardwood flooring, and abundant natural light from skylights. The open kitchen includes a 12-foot hood with Ansul fire suppression system, prep area, walk-up cashier’s counter, and self-serve beverage station. Guests can also enjoy the large rear patio—approximately 1,700 SF—with plenty of room to expand the outdoor dining experience. The ±1,800 SF basement offers excellent utility and functionality with an employee locker area, office area, mechanical room, storage space, walk-in refrigerator, sidewalk hatch for deliveries, and easy utility modification. Key Features: -Prime Downtown location just steps from CSUC -Clear span construction with flexible layout -Outdoor patio with expansion potential -Iconic building with long-standing restaurant history -Surrounded by Chico’s most popular restaurants, bars, and shops -High pedestrian and vehicle traffic