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    OFF-MARKET
    Land

    0 Houghton Ave, Corning, CA 96021

    33.16 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 33.16-acre parcel presents a compelling opportunity for residential development in Corning, California. Located in Tehama County, this property boasts R-1 zoning and is identified by APNs 071-030-006 and 071-030-016. The asking price is $2,000,000. While previous approvals for a 134-lot subdivision (issued in 2006, subsequently expired) are no longer valid, they serve as a strong indicator of the significant development potential inherent in this land. The property's location on Houghton Ave, Corning, CA 96021, offers convenient access to city amenities. The expansive lot size provides ample space for a substantial residential project, making it an attractive investment for developers seeking a prime infill location within the thriving Corning community. This represents a unique chance to capitalize on the existing infrastructure and favorable zoning regulations to create a significant residential development. The property's history of prior subdivision approval highlights its suitability for a large-scale residential project. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Land
    Lot 33.16 ac (1,444,450 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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