Property profile

0 Houghton Ave Corning, CA 96021

OFF-MARKET
Land
33.16 ac lot
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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 While previous approvals for a 134-lot subdivision (issued in 2006, subsequently expired) are no longer valid, they serve as a strong indicator of the significant development potential inherent in this land.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

Location

Houghton Ave Corning, CA 96021
Corning metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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