Coldwell Banker CommercialNorthern California Retail Division

Highway 32 Commercial Land - 9.6 Acres - Chico

9.6 ACRES ZONED Community Commercial (CC)  Located near Bruce Road and Highway 32. The south east sector of Chico is approved for development. This parcel is part of a the Oak Valley development planned for ~1,300 living units. Community Commercial zoning is appropriate for a wide range of retail businesses. It also accommodates mixed-use developments with residential uses above the ground floor with a maximum density of 22 units per acre. Zoning provides permitted uses of grocery anchored shopping center, pharmacy, gas station, schools, restaurants, retail, financial institutions, medical and general office. Gas station and storage units possible with a use permit. Asking $10 per sq. ft.

Additional notes:

60 foot strip along Hwy 32 to be landscaped and maintained via POA

Waterway to be a separate POA

Sewer lift station will be in as part of apartment project

6' wall will be required to separate commercial parcel from apartments.

~250 apartments on lot adjacent

~98 apartments on 2nd lot east of our offering 1,300 units planned in the development.

Asking Price: 
$4,180,000
Property Status: 
Available
Address: 

Hwy 32 & Bruce Road, Chico CA

Location: