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    1120 Forest Ave Chico, CA 95928

    Sponsored
    For Lease
    $2 SF/Yr

    Shovel-ready pad, high traffic, build-to-suit

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional .77-acre commercial pad, located at 1120 Forest Ave in Chico, CA 95928, presents a unique investment opportunity. Situated in a CVS-anchored center, this site boasts double exposure on two signalized hard corners, ensuring high visibility and accessibility. The property offers compelling traffic counts, with Highway 32 registering 43,000 ADT and Forest Avenue at 20,000 ADT, resulting in a combined 63,000 ADT. The site is zoned Community Commercial (CC), allowing for a wide range of uses including drive-thru restaurants, banks, medical offices, and retail establishments. The parcel size, ranging from 33,541 to 43,560 square feet, is large enough to accommodate a standalone building with double drive-thru lanes, providing ample space for customer stacking. This shovel-ready pad is ideal for ground lease, build-to-suit, or joint venture opportunities. The property's prime location and flexible zoning make it an exceptional investment for developers and businesses seeking high-traffic exposure in a thriving Chico market.

    Property Features for 1120 Forest Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF
    Class
    A

    Unit(s) available at that property

    Space
    Size
    43,560 SF
    Rate per SF
    $2

    HighLights

    • Shovel‑ready pad site with $485,000 in completed site improvements.
    • Improvements include curbs, gutters, storm drains, city sewer, underground utilities, dedicated parking, and reciprocal parking with adjacent CVS.
    Property Profile Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm UPS Access Point ... Shipping And Mailing Service Primo Water Refill Bottled Water Supplier CVS Cosmetics Store CVS Pharmacy Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.80469393861
    Latitude
    39.737912387915

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    FAQs

    What type of property is this?
    Restaurant - Shovel-ready pad, high traffic, build-to-suit
    Where is this restaurant located?
    The property is located at 1120 Forest Ave Chico, CA.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Shovel-ready pad site with $485,000 in completed site improvements.; Improvements include curbs, gutters, storm drains, city sewer, underground utilities, dedicated parking, and reciprocal parking with adjacent CVS.;
    Request Owner's contact information
    1120 Forest Ave Chico, CA 95928
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    Chico, CA 95928
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1120 Forest Ave Chico, CA 95928
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