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    1377 East Ave Chico, CA 95926

    For Sale
    Contact for pricing

    1.36 Acres, OMU Zoning, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.36-acre commercial and residential development site presents a unique opportunity in Chico, California. Located at the highly visible, signalized corner of East Avenue and [missing street name - needs to be added from original data], this property boasts an OMU (Office Mixed Use) zoning designation, allowing for a diverse range of development possibilities, including retail, office, mixed-use projects, and residential construction. The site benefits from excellent access to Highway 99 via East Avenue, ensuring convenient transportation for residents and businesses. Its strategic location places it adjacent to a cluster of established businesses, including McDonald's, Safeway, The UPS Store, Subway, Kinder's BBQ, and Chevron, creating a vibrant and thriving commercial environment. The property's proximity to Pleasant Valley High School and strong regional retailers such as Trader Joe's and Grocery Outlet, along with the nearby North Valley Plaza, further enhances its appeal and potential for significant return on investment. Utilities are conveniently located on-site, simplifying the development process. This prime location and versatile zoning make this 1.36-acre parcel an exceptional investment opportunity for developers seeking a high-impact project in a rapidly growing area. The property address is 1377 East Ave, Chico, CA 95926, and is conveniently located in Butte County.

    Property Features for 1377 East Ave

    General Information

    Property type
    Land
    Lot Size
    59,242 SF

    HighLights

    • 1.36‑acre OMU (Office Mixed Use) zoned lot allowing retail, office, mixed‑use, and residential development.
    • Signalized corner lot at East Avenue and [missing street name].
    • Excellent Highway 99 access via East Avenue.
    • Adjacent to McDonald's, Safeway, The UPS Store, Subway, Kinder's BBQ, and Chevron.
    • Near Pleasant Valley High School.
    • Close proximity to Trader Joe's, Grocery Outlet, and North Valley Plaza.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm 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
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.821482
    Latitude
    39.76084

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    FAQs

    What type of property is this?
    Land - 1.36 Acres, OMU Zoning, High Visibility
    Where is this land located?
    The property is located at 1377 East Ave Chico, CA.
    What are key features of this property?
    This property features: 1.36-acre OMU (Office Mixed Use) zoned lot allowing retail, office, mixed-use, and residential development.; Signalized corner lot at East Avenue and [missing street name].; Excellent Highway 99 access via East Avenue.
    Request Owner's contact information
    1377 East Ave Chico, CA 95926
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    Chico, CA 95926
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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
    1377 East Ave Chico, CA 95926
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