For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1316 State Highway 99 Gridley, CA 95948

For Sale
$2,600,000

Ten-unit apartment building, high ROI potential.

Property size:
7,200 SF

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional 10-unit apartment building presents a compelling investment opportunity in the desirable city of Gridley, California. Strategically located just off Highway 99, this property boasts a total of 7,200 square feet situated on a 0.76-acre lot. The well-maintained building offers stable rental income, making it an attractive turnkey asset for investors seeking immediate returns. The strong occupancy rates demonstrate consistent demand and the potential for long-term value appreciation. This property is ideally suited for investors looking for a low-maintenance, high-yield investment in a convenient location with easy access to major transportation routes. The building's current condition and established rental income stream provide a solid foundation for future growth and profitability. Given the property's size, location, and proven rental history, this represents a rare opportunity to acquire a significant multifamily investment in a thriving market. The 0.76-acre lot offers potential for future expansion or development, further enhancing the long-term investment potential. Serious inquiries are encouraged to explore this promising investment opportunity in detail. Financial statements and further property details are available upon request. Don't miss this chance to secure a valuable asset in a prime location.

Property Features for 1316 State Highway 99

General Information

Property type
Other commercial real estate
Square Feet
7,200 SF
Lot Size
33,106 SF

Building Details

Year Built
1963

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Gridley
County
Butte
State
California
Longitude
-121.6868
Latitude
39.35321

FAQs

What type of property is this?
Commercial real estate - Ten-unit apartment building, high ROI potential.
Where is this commercial real estate located?
The property is located at 1316 State Highway 99 Gridley, CA.
What is the asking price?
The asking price for this property is $2,600,000.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message