344 W 8th Street Chico, CA 95928

$5,200,000 Active

About the Property

SELLER FINANCING! Plans have been submitted to City of Chico for plan check. 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 12/16/2020
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
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