1425 HWY 99, Gridley, CA 95948
1425 HWY 99, Gridley, CA 95948
1425 HWY 99, Gridley, CA 95948
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Kory Hamman, DRE #01158025 • Hamman Real Estate
$425,000
Est. payment /mo
1 Sqft Lot
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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSN25065563

Lot Size 1 Sqft

Property Sub-Type Other Residential Land

Source California Regional MLS

Property Description

EXECUTIVE SUMMARY This Northern California property represents an excellent opportunity for a builder/developer entry into this booming Commercial market. In total there is 1.23+/- acres of Commercial Highway 99 frontage on this busy corridor. The City of Gridley is very developer friendly and looking to expand. Owning its own power company it offers rates 20% lower than PG&E & has the ability to be flexible with developers to help keep rates much lower. 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. Currently the property is in one parcel. Located in an area that has favorable infrastructure, access and an opportunity for further lot splits. 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.

Location

State CA

County Butte

Zoning LZ,PRKG,LL

Exterior

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Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 021110053000

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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1425 HWY 99

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