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1820 CA-99 - 21.5+/- Hwy 99 Commercial Land
21.28 Acres of Commercial Land Offered at $5,950,000 in Gridley, CA 95948
Investment Highlights
- High visibility with ADT 25,000 vehicles per day
- Property can be split. City is developer friendly & Seller is easy to work with to create separate parcels.
- Industrial or Commercial or Multifamily.
Executive Summary
Average Daily Traffic Count (ADT) is well over 25,000+ cars/day & growing with this highly visible property. Housing demand is excellent with most buyer profiles coming from the greater Sacramento & the Bay area in search of more desirable living within the common budget of $450,000-$800,000.
The Seller can get very creative & is willing to split up the property in order to conform with the Tenants needs. Currently the property is in two parcels with the Southern piece being 17.78+/- acres (Red Outline) & the Northernly piece of 3.5+/- of additional property also owned by the Seller.
QUALITY OF LIFE
The community offers an outstanding quality of life. Gridley residents and businesses enjoy wonderful weather, affordable real estate, and incredible recreational opportunities. The area continues to see a strong mass migration of people wanting out of the metropolitan cities, due to Covid and their ability to telecommunicate for work. Many are moving to Gridley to raise their children, providing them with an superior Educational School system.
Property Facts
| Price | $5,950,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 21.28 AC |
| Price | $5,950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 21.28 AC |
1 Lot Available
Lot
| Price | $5,950,000 | Lot Size | 21.28 AC |
| Price Per AC | $279,605 |
| Price | $5,950,000 |
| Price Per AC | $279,605 |
| Lot Size | 21.28 AC |
21.28 +/- Acres Highway 99 Commercial/Industrial Frontage
Description
With Sacramento only sixty miles south, State Route 99 is a high-volume corridor for area residents, businesses, truck transportation, and recreational travelers. Businesses benefit from the City’s “Can Do” attitude, outstanding labor market, availability of affordable sites, cost effective municipal electric, water, and sewer utility services. Located in Butte County California approximately 55 minutes from Sacramento (In between Chico & Yuba City) the area boasts substantial growth opportunities. Gridley is a City of 10,000+/- residents in the heart of the beautiful Sacramento Valley. Conveniently located within 2-3 hours of the Bay Area and the Lake Tahoe/Reno area, residents have the advantage of living in a community with clean air, good water while having quick access to metropolitan areas.
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Kory Hamman -
Hamman Real Estate
Presented by
1820 CA-99 - 21.5+/- Hwy 99 Commercial Land
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