2051 Forest Ave
Chico, CA, 95928
$1,600,000
Beds
0 Baths
SqFt
1.63 Acres
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Exceptional multi-family opportunity. Directly across from Walmart on Forest Ave. This 5 building 31 unit office complex can easily be converted to a 28 unit with clubhouse/office multi family complex. Entitlement level architectural floor plans and elevations have been completed. The office unit floor plans facilitate easy conversion to 1 bedroom units. Office Mixed Use/Office Commercial Land Use/Zoning are consistent and allow multi family and emergency housing by plot plan approval. Sixty parking spaces would give 2.14/1 parking ratio. As infill the project would be CEQA exempt. Potential GRM 9/10 would be 3.6m to 4.0m. L/O BROKER OWNED

Property Details

Price:
$1,600,000
MLS #:
SW24249447
Status:
Active
Baths:
0
Address:
2051 Forest Ave
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
699notdefined
City:
Chico
Listed Date:
Dec 13, 2024
State:
CA
ZIP:
95928
Lot Size:
71,177 sqft / 1.63 acres (approx)
Year Built:
1992
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Interior

Exterior

Community Features
Biking, B L M/ National Forest, Dog Park, Golf, Hiking, Horse Trails, Park, Mountainous, Preserve/ Public Land, Rural, Street Lights
Garage Spaces
0.00
Lot Features
16-20 Units/ Acre, Lot Over 40000 Sqft, Rectangular Lot, Sprinkler System
Parking Features
Asphalt, Paved
Parking Spots
60.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
All Utilities

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Rover IDX
2051 Forest Ave
Chico, CA