12225 La Porte RdClipper Mills, CA 95930

Property Details for 12225 La Porte Rd

Year built

1936

Construction

WOOD

Lot size

0.92 AC

Property size (Sq ft)

4,070 SF

Zone code

C-C

Property type

Retail properties

Property subtype

Retail space

APN

073-410-005-000

APU

73410005000

Description

This exceptional $380,000 investment opportunity in Clipper Mills, California, presents a unique blend of established businesses and redevelopment potential. Located at 12225 La Porte Road, Butte County, zip code 95930 (39.5338526, -121.156718), the property boasts a diverse portfolio of income-generating assets. Currently operating businesses include BigFoot Eats (restaurant/market) and the Clipper Mills/Strawberry Post Office. The property also includes two existing two-bedroom rental units and a laundromat requiring some refurbishment. An additional versatile unit is also available. While the former Ford Dealership building on the property is no longer habitable, it presents a significant redevelopment opportunity. This multi-use property offers a rare chance to acquire a long-established landmark with substantial income potential and the flexibility to create additional revenue streams. Its convenient location, minutes from recreational areas, makes it an attractive proposition for those seeking a mountain home with built-in income-producing amenities. This is a truly unique opportunity for an investor seeking a diverse and potentially high-return investment. The property is classified as multifamily and commercial, encompassing land and an apartment building (although the number of units is currently zero, due to the nature of the existing businesses).

• CAP approach

  CAP return

  Valuation

  6%

  $940,139

  6.5%

  $867,820

  7%

  $805,833

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,410,882

  Geo Method

  $1,464,409

• Alternative Use

  Use

  Valuation

  Residential

  $732,039

  Hospitality

  $670,544

  Educational

  $557,884

  Medical

  $577,071

  Retail

  $867,820

Location Insight

City

Clipper Mills

County

Butte

State

California

Latitude

39.5341

Longitude

-121.157

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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