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Listed by Kory Hamman • Hamman Real Estate
$ 495,000
Est. payment | /mo
53,578 SqFt
$ 495,000
Est. payment | /mo
53,578 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 53,578 sqft
Price per Sqft $9
MLS Listing ID CRSN25065563
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 1.230 Acres
Property Sub-Type Unimproved Land
Property Description
EXECUTIVE SUMMARY This Northern California property represents an excellent opportunity for a builder/developer entry into this booming Commercial market. In total there is 1.23+/- acres of Commercial Highway 99 frontage on this busy corridor. The City of Gridley is very developer friendly and looking to expand. Owning its own power company it offers rates 20% lower than PG&E & has the ability to be flexible with developers to help keep rates much lower. Average Daily Traffic Count (ADT) is well over 25,000+ cars/day & growing with this highly visible property. Housing demand is excellent with most buyer profiles coming from the greater Sacramento & the Bay area in search of more desirable living within the common budget of $450,000-$800,000. The Seller can get very creative. Currently the property is in one parcel. Located in an area that has favorable infrastructure, access and an opportunity for further lot splits. QUALITY OF LIFE The community offers an outstanding quality of life. Gridley residents and businesses enjoy wonderful weather, affordable real estate, and incredible recreational opportunities. The area continues to see a strong mass migration of people wanting out of the metropolitan cities, due to Covid and their ability to telecommunicate for work. Many are movin
Location
State CA
County Butte
Interior
Fireplace No
Exterior
View Other
Building
Lot Description Corner Lot, Level
Water Public
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