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    1950 20Th St Chico, CA 95928

    For Sale
    $1,987,000

    Prime Retail Land, Chico, CA

    Property size:
    54,014 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 54,014 square foot commercial land parcel, located at 1950 E 20th St. in Chico, California (zip code 95928), presents a remarkable investment opportunity. Priced at $1,987,000 ($36.50/sq ft), this Butte County property is situated within Chico Mall, a thriving retail center boasting over 100 stores and restaurants. The mall enjoys a dominant position as the only regional mall within a 40-mile radius, ensuring high visibility and substantial foot traffic. Key anchors include Dick's Sporting Goods, JCPenney, and Forever 21, further solidifying the area's retail strength. Recent additions of HomeGoods, Petco, Planet Fitness, and Burlington underscore the continued growth and appeal of this location. The property's size and location lend themselves to the development of a multi-tenant building, with the added advantage of potential drive-thru access. This presents a unique chance to capitalize on the robust retail environment of Chico's busiest trade area. The land's strategic placement within the established Chico Mall complex offers immediate access to a large and diverse customer base, making it an ideal location for a variety of commercial ventures. The $36.50/sq ft price reflects the exceptional value and potential for significant return on investment.

    Property Features for 1950 20Th St

    General Information

    Property type
    Retail properties
    Square Feet
    54,014 SF

    HighLights

    • $1,987,000 asking price for 54,014 square feet of commercial land and retail space.
    • Located at 1950 E 20th St, Chico, CA 95928 in Butte County.
    • $36.50 per square foot price, reflecting land value.
    • Located in Chico's busiest retail trade area, near Chico Mall, anchored by major retailers.
    • Potential for multi‑tenant building with drive‑thru capability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cinnabon Bakery Eyebrow Plus Beauty Salon Hot Topic Fashion Accessories Store Finish Line Shoe Store Closed Juice Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chico
    County
    Butte
    State
    California
    Longitude
    -121.8055465
    Latitude
    39.7289393

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Land, Chico, CA
    Where is this retail property located?
    The property is located at 1950 20Th St Chico, CA.
    What is the asking price?
    The asking price for this property is $1,987,000.
    What are key features of this property?
    This property features: $1,987,000 asking price for 54,014 square feet of commercial land and retail space.; Located at 1950 E 20th St, Chico, CA 95928 in Butte County.; $36.50 per square foot price, reflecting land value.
    Request Owner's contact information
    1950 20Th St 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
    1950 20Th St Chico, CA 95928
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