Commercial Real Estate in Chico, Call 530-896-3126

344 W 8th Street Chico, CA 95928

$5,000,000 Active

About the Property

53 units. Plans have been submitted for plan check and permits will be ready in sixty days or less. Seller has already spent $2,540,529.00 on plans, land and fees. Approximately 103,000 sqft. The property features 128 bedrooms total with 2,3 & 4 bedroom units. It is situated in the highly desirable South Campus neighborhood within a very short walk to the university and downtown. Low vacancy has resulted in rising rents making the South Campus neighborhood the most attractive rental market in the Chico area. There are a lot of options here for this shovel ready project. You can buy this and build it out with your own contractor. Have the seller build it out and buy it as a finished project. There are a lot of options here and the one thing they all have in common is that the potential for a nice profit is available no matter which way you go

Property Information

Lot Size 0.64 Acres
Property Type Land/Lot
Zoning RMU COS
Listing Number SN19281667
Listed 12/13/2019
Modified 2/16/2021
Listing Agent Jim Aguilar
Listing Office Century 21 Select Real Estate, Inc.

Property Features

Fencing
  • Good Condition
Land Lease
  • No
Road Frontage
  • City Street
Sewer
  • Public Sewer
Views
  • Neighborhood
Water Source
  • Public
Road Surface
  • Maintained
  • Paved
Lot Features
  • Level with Street
  • Lot 20000-39999 Sqft
  • Rectangular Lot
  • Level
Community
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Urban
Utilities
  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available
  • Sewer Available
  • Water Available
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