Commercial Land in Chico, California, offers a unique investment opportunity for those looking to tap into the city's growing economy. As a college town, home to California State University, Chico, the city has a strong demand for commercial spaces, making Commercial Land a valuable asset. These properties can represent a range of investments, from retail and office spaces to restaurants and entertainment venues. Chico's ideal location, nestled in the Sacramento Valley, provides easy access to major transportation routes, including the Chico Amtrak station and the Chico Regional Airport. The city's amenities, such as Bidwell Park, Enloe Medical Center, and the Silver Dollar Fairgrounds, also make it an attractive location for businesses and residents alike. Additionally, Chico is home to notable companies like Sierra Nevada Brewing Company and Build.com, which contribute to the city's economic growth.
With 11 Commercial Land listings available in Chico, investors have a range of options to choose from. The average price per square foot is , and the average size of these properties is square feet, with the largest property spanning 0 square feet. The average cap rate for Commercial Land in Chico is. In addition to Commercial Land, Chico also offers other property types, such as residential properties, office spaces, and industrial properties, each with its own unique characteristics and investment opportunities. Overall, Chico's strong economy, ideal location, and range of amenities make it an attractive location for businesses and investors alike.
What are common commercial uses for land in the Chico market?
Commercial land in Chico is often utilized for retail spaces, office buildings, and restaurants, catering to the local population of around 90,000 residents and the students of California State University, Chico. Additionally, the land is also used for healthcare facilities, educational institutions, and entertainment venues, taking advantage of the city's prime location at the intersection of California State Route 99 and California State Route 32.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Chico, California, there are several common ways to do so. For instance, investors can buy land directly from a seller, work with a real estate agent or broker, or purchase land at a public auction, and it's essential to understand the process, which is outlined in our article on how to buy land, to ensure a successful transaction.
