344 W 8th Street Chico, CA 95928

$3,399,000 Active

About the Property

53 UNITS !! All of the hard work is done! Located in the very desirable South Campus area, its a quick trip to Bidwell Park and just a few blocks from the university and downtown with its many restaurants, bars and shopping. This project has ARB approval for 53 units and plans that include a parking garage and cafe on the ground floor for a proposed total square footage of 92,807 square feet. Plans show a nice mix of 2,3,& 4 bedroom units with a few studios mixed in. There are a lot of options here for a buyer/investor. You can buy this with the plans and build it out with your own contractor. Have the seller build it out and buy it as a finished project or there are a number of different ways to make money on this one. There are a lot of options here and the one thing they all have in common is that the potential for a nice profit is available no matter which way you go.

Property Information

Lot Size 0.64 Acres
Property Type Land/Lot
Zoning RMU COS
Listing Number SN19281667
Listed 12/13/2019
Modified 6/22/2020
Listing Agent Jim Aguilar
Listing Office Century 21 Select Real Estate, Inc.

Property Features

  • Good Condition
Land Lease
  • No
Road Frontage
  • City Street
  • Public Sewer
  • Neighborhood
Water Source
  • Public
Road Surface
  • Maintained
  • Paved
Lot Features
  • Level with Street
  • Lot 20000-39999 Sqft
  • Rectangular Lot
  • Level
  • Gutters
  • Sidewalks
  • Storm Drains
  • Street Lights
  • Urban
  • Cable Available
  • Electricity Available
  • Natural Gas Available
  • Phone Available
  • Sewer Available
  • Water Available