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    1950 20Th St Chico, CA 95928

    Sponsored
    For Sale
    $1,546,220

    Prime Retail Land, Chico, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail land parcel, identified as Parcel A of the Chico Marketplace, presents a compelling investment opportunity. Located at 1950 E 20th St, Chico, CA 95928, in Butte County, this .67 to 1.45-acre site is zoned CR Regional Commercial and offers significant potential. The property boasts excellent visibility from both E 20th Street (20,900 daily cars) and Forest Avenue (13,750 daily cars), providing unparalleled access to a high volume of traffic. Its strategic location within Chico Marketplace, a thriving retail hub featuring over 100 stores, restaurants, and major anchors like Dick's Sporting Goods, JCPenney, and Forever 21, ensures strong consumer traffic. The parcel is designed to accommodate a multi-tenant building with drive-thru capabilities, capitalizing on the high-traffic counts and the area's robust retail environment. The asking price is $1,546,220, with a price per square foot of $47.50. This property offers immediate access from Forest Avenue at the eastern side of the mall, making it an ideal location for a variety of retail businesses. The surrounding area includes recently opened stores such as HomeGoods, Petco, Planet Fitness, and Burlington, further solidifying the area's retail strength and potential for future growth. This is a rare opportunity to acquire a prime retail parcel in a high-demand location.

    Property Features for 1950 20Th St

    General Information

    Property type
    Lifestyle centers
    Lot Size
    29,185 SF

    HighLights

    • High visibility from E 20th Street (20,900 VPD) and Forest Avenue (13,750 VPD).
    • Drive‑thru capable design.
    • Forest Avenue boasts 13,750 vehicles per day.
    • Direct access from Forest Avenue at the mall's eastern edge.
    • E. 20th Street sees 20,900 vehicles daily.
    Property Profile 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?
    Lifestyle center - Prime Retail Land, Chico, CA
    Where is this lifestyle center located?
    The property is located at 1950 20Th St Chico, CA.
    What is the asking price?
    The asking price for this property is $1,546,220.
    What are key features of this property?
    This property features: High visibility from E 20th Street (20,900 VPD) and Forest Avenue (13,750 VPD).; Drive-thru capable design.; Forest Avenue boasts 13,750 vehicles per day.
    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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