Commercial Lot For Sale

on Highway 99 in Gridley, California
City Water and Sewer are Available

This is one of the rare parcels with Highway 99 frontage that is big enough to handle a store the size of Target, Raley's, Walmart, etc. 

The City of Gridley is in a rapid growth phase with two major housing subdivisions either approved or in the planning process.  These new homes are projected to DOUBLE the population of the city in a couple of years. 

This property consists of 3 parcels which are being sold together.  The table below shows the current zoning for each parcel as well as the zoning that is in the City of Gridley General Plan.  The General Plan is generally viewed as what the zoning will be for these parcels going forward.  It should be fairly easy to convert the current zoning to match what is in the General Plan.  Click each Parcel Number link to view the zoning page from the City of Gridley site.  This is the best way to get the latest zoning for these parcels.

The property currently has several rentals on it as follows:

The studio rents have been at that level for many years and could easily be increased.  There is a potential for at least $2,700 a month income from this property with very little work involved.

Comparable properties in Yuba City are going for anywhere from $12 to $16 a square foot. 

A recent sale involved an appromately 2 acre parcel that went for $1,750,000 in Yuba City.  This Yuba City parcel was zoned High Density Residential and had completed engineering docs for an apartment complex.  Parcel 079 listed above is alone the size of the Yuba City property. 

As everyone knows, real estate prices are continuously on the rise.  Commercial real estate is poised for an even faster rise as the population of our local cities grows.

This property is being offered "As Is".

For more information about the property or if you are interested in making an offer, please Contact Sarb Takhar at (866) 722-7252.