2520 Cohasset RdChico, CA 95973

Property Details for 2520 Cohasset Rd

Year built

1973

Lot size

1.94 AC

Property size (Sq ft)

5,992 SF

Zone code

CR

Property type

Retail properties

Property subtype

Retail space

APN

015-230-033-000

APU

15230033000

Description

This exceptional 27,733-square-foot retail and auto shop property in Chico, CA, presents a unique investment opportunity. Situated on a 1.94-acre lot at the highly visible corner of Cohasset Road (18,648 average daily traffic) and East Avenue (21,420 average daily traffic), this property boasts easy access to Highway 99. Currently vacant, the building is ideally suited for automotive, RV, off-road, or watercraft dealerships, offering a nine-bay mechanic shop. The Community Commercial zoning allows for a diverse range of uses, including potential ground lease options for quick-service restaurants or other retail businesses. This turnkey property offers significant potential for growth in a thriving commercial district. The substantial lot size provides ample space for expansion or additional development. The property's prime location and versatile zoning make it an attractive investment for a variety of businesses seeking high visibility and accessibility in a busy Chico commercial area. The address is 2520 Cohasset Rd, Chico, CA 95973, in Butte County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,587,440

  6.5%

  $1,465,329

  7%

  $1,360,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,155,955

  Geo Method

  $2,155,955

• Alternative Use

  Use

  Valuation

  Residential

  $1,236,060

  Hospitality

  $1,132,224

  Educational

  $941,997

  Medical

  $974,394

  Retail

  $1,465,329

Location Insight

City

Chico

County

Butte

State

California

Latitude

39.7618

Longitude

-121.843

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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