344 W 8th Street, Chico, CA

Land for Sale - $5,200,000


Agent Info

Jim Aguilar
CENTURY 21 Select Real Estate, Inc.

Property Info

CIMLS#1086330
Location
  344 W 8th Street
  Chico CA 95928
UpdatedDecember 24th, 2020
TypeLand
Price$5,200,000

Contact


Property Description

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.


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