Description
This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. View full portfolio offering memorandum in the supplemental documents. This property is comprised of a 400 square foot free-standing restaurant on a 4749 square foot lot. The restaurant building is leased for $2750 month to month.
-
0BEDS
-
0.11ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
This property may be sold individually or as part of a 4 parcel, 13,779 lot square foot portfolio for $1,500,000. Highly visible signalized intersection with a day-to-day traffic count of 20,800 cars. Full portfolio includes 4 contiguous lots with potential to build up to 22 residential units plus an additional 3 ADU's. Strong income in place while waiting for entitlements at a 4.3% cap rate. View full portfolio offering memorandum in the supplemental documents. This property is comprised of a 400 square foot free-standing restaurant on a 4749 square foot lot. The restaurant building is leased for $2750 month to month.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-03T13:28:59.553. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Remax of Chico - The Laffins Real Estate Team. Licensed in the State of California, USA.