2654 Cramer Ln Chico, CA 95928
- Commercial real estate
- 4,200 SF
- 8.78 lot acres
Current Use by Public Records
- Deer Creek Broadcasting KHS / Television Station
- Kpay / Radio Broadcaster
- Mix 95.1 Contest & Requests / Radio Broadcaster
- Hot Country 103 5 Contest / Radio Broadcaster
- ESPN / Radio Broadcaster
Property Details for 2654 Cramer Ln
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 8.78 lot acres
- Property size
- 4,200 SF
- Property type
- Commercial real estate
- APN
- 040-030-086-000
- APU
- 40030086000
Description
Exceptional investment opportunity in Chico, CA, encompassing 8.78 acres with a 4,200 sq ft leased broadcasting studio built in 1995. This property presents a unique dual-income stream: secure leaseback income from the existing studio situated on approximately two acres, and significant future development potential. The remaining 6.78 acres are zoned RS-20 Suburban Residential, allowing for subdivision into up to 14 large lots, each with a minimum 20,000 sq ft lot coverage. Located on Cramer Lane, across from the Mendocino National Forest Chico Orchard, this property offers a stunning country setting within Chico city limits. The asking price is $1,682,000. The studio and broadcast facilities are currently under lease, providing immediate and dependable income. This presents a rare chance to acquire a property with both established income and substantial future upside through residential lot development. The property's location and zoning regulations offer a compelling opportunity for long-term growth and appreciation. Please note: Do not disturb the tenant. The property address is 2654 Cramer Lane, Chico, CA 95928.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chico
- County
- Butte
- State
- California
- Longitude
- -121.789
- Latitude
- 39.7104
- CBSA code
- 17020
- CBSA name
- CHICO, CA METROPOLITAN STATISTICAL AREA
