1120 Forest AveChico, CA 95928

Property Details for 1120 Forest Ave

Year built

2010

Construction

TILT-UP CONCRETE

Lot size

2.00 AC

Property size (Sq ft)

14,409 SF

Property type

Retail properties

Property subtype

Retail space

APN

002-050-264-000

APU

2050264000

Description

This exceptional .77-acre commercial pad, located at 1120 Forest Ave in Chico, CA 95928, presents a unique investment opportunity. Situated in a CVS-anchored center, this site boasts double exposure on two signalized hard corners, ensuring high visibility and accessibility. The property offers compelling traffic counts, with Highway 32 registering 43,000 ADT and Forest Avenue at 20,000 ADT, resulting in a combined 63,000 ADT. The site is zoned Community Commercial (CC), allowing for a wide range of uses including drive-thru restaurants, banks, medical offices, and retail establishments. The parcel size, ranging from 33,541 to 43,560 square feet, is large enough to accommodate a standalone building with double drive-thru lanes, providing ample space for customer stacking. This shovel-ready pad is ideal for ground lease, build-to-suit, or joint venture opportunities. The property's prime location and flexible zoning make it an exceptional investment for developers and businesses seeking high-traffic exposure in a thriving Chico market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,817,326

  6.5%

  $3,523,686

  7%

  $3,271,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,184,439

  Geo Method

  $5,184,439

• Alternative Use

  Use

  Valuation

  Residential

  $2,972,361

  Hospitality

  $2,722,666

  Educational

  $2,265,226

  Medical

  $2,343,131

  Retail

  $3,523,686

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7386

Longitude

-121.805

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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