LOCATION: The property lies on the south side of Sycamore St. and west of Randolph Ave. in Gridley, CA.
DESCRIPTION: The subject property lies in the city of Gridley. It consists of one assessor parcel known as 010-270-121 (14.82 acres). The subject property consists of 43 tentative mapped lots.
REGIONAL TRANSPORTATION: With the update of Highway 99, the property is only 25 minutes from Chico to the north and only 25 minutes from Yuba City to the south.
AG USE: A buyer could farm row crops or develop tree crops on the property.
PURCHASE PRICE: $425,000. The purchase price equates to $28,677 per assessed acre or $9,883 per building unit with previous map of 43 lots.
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This may be a perfect time to purchase zoned development property at agricultural prices. The housing market peaked in the summer of 2005. We are coming up on eleven years from the peak and the housing market is heating up. The current housing inventory is very low and houses are getting multiple offers from very eager buyers. Call us now for more details on this great opportunity.
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