$1,250,000
MLS #: CH17105755

Description of 1574 East Avenue, Chico, CA 95926

PRIME RESIDENTIAL DEVELOPMENT LAND NEAR BIDWELL PARK. Close to schools, shopping, public transportation, and surrounded by newer subdivisions, the Subject Property, with East Ave frontage, and existing cul-de-sac access at the back (Cardiff Ct.), consists of three separate contiguous legal parcels, totaling approx. 3.32 acres, of R-1 zoned land. Located directly across the street from Marigold Elementary School, a half block from Pleasant Valley High School, and less than a half mile to the entrance of Upper Bidwell Park, this property is a developers dream. There are currently several structures on the Subject Property given no value (both residences and shop/storage buildings), but the majority of the property remains undeveloped, and sits back off the main street. With the potential of a Development Impact Fee Credit, from the existing residential structures on the property (approx. 4952 sq. ft. total) , and the option to collect rents from the existing tenants, while working through the Development processes with the City, this is one of those rare offerings that won’t last long.

Property Features of 1574 East Avenue, Chico, CA 95926

Features
Lot has chain fencing
Level lot
Lot zoned: R1
Improvement: sidewalks
Well water
Natural gas
Total square feet: 144619.20
Courtesy of: Coldwell Banker DuFour Realty

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