Prime Real Estate development property on .41 acre lot with alley access. Centrally located in Chico, located on Oleander Ave between 9th and 10th Avenue with close proximity to Enloe Hospital, Chico State University, Public Transportation and Downtown Chico. The property is zoned Community Commercial which allows between 6-20 units per acre of Multifamily housing, Live-Work Housing or Transitional/Supportive Housing and many other possibilities. Potential Development could include building a new 5 plex apartment building next to the existing 4007 sq. ft. building building which is comprised of 3 units. The front unit is a commercial space of 1220 sq. ft. The middle studio unit is 819 sq. ft. The 3rd unit is a 1 bedroom 2 bath unit with loft and has 1960 sq. ft. The property was renovated in 2018 with custom details and craftsmanship in all units. Originally the property was the San Francisco Florist Company and then was used as an antique center for years. The property is connected to City Sewer and has 4 PGE meters and 2 Ca water meters. This property is near other redevelopment properties on the market you may want to incorporate into your development plans and help solve the housing shortage in Chico!
Lechavarria@onthegorealestate.com
