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Garrick Yan

garrick@garrickyan.com +1(510) 999-8008

$ 425,000

Est. payment -/mo

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Price Dropped by $20K

0 HWY 99 Gridley, CA 95948

1.23 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Acreage

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225036354

HOA Y/N No

Lot Size 1.230 Acres

Acres 1.23

Property Sub-Type Commercial Acreage

Source MLS Metrolist

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.

Location

State CA

County Butte

Area 12558

Zoning COMMERCIAL HWY

Direction Located on Hwy 99, Southern part of Gridley.

Exterior

Fence Partial

Utilities Available See Remarks

Water Access Desc Public

View City

Topography Level

Road Frontage Highway Exposure, Freeway, Freeway Exposure, Highway

Building

Lot Description Corner, Curb(s), Fire Hydrant(s), Sidewalk(s), Storm Drain(s), Street Light(s)

Sewer Public Sewer

Water Public

Schools

Elementary Schools Gridley Unified

Middle Schools Gridley Unified

High Schools Gridley Unified

School District Butte

Others

Senior Community No

Tax ID 021-110-053

Special Listing Condition None

Listed by Hamman Real Estate

Nearby School & Business

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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