6154 Lucky John RdParadise, CA 95969

Property Details for 6154 Lucky John Rd

Year built

1951

Construction

WOOD FRAME

Lot size

1.60 AC

Zone code

MULTI

Property type

Commercial land

APN

053-021-087-000

APU

53021087000

Description

This exceptional investment opportunity presents a 1.6-acre RV park located at 6154 Lucky John Road in Paradise, California. The property boasts a prime location with excellent Skyway exposure in central Paradise. While the park was impacted by the 2018 Camp Fire, significant progress has been made towards its revitalization. Currently, there are 19 spaces permitted through the California Department of Housing and Community Development (HCD), with the potential for two additional spaces. A recent survey is complete, and water service is active. A May 18, 2022 inspection confirmed the functionality of the 2500-gallon and 1500-gallon septic tanks. The sand filtration system requires some repair. A significant advantage is the opportunity to have PG&E install electrical service and meters to all 19 lots at no cost, a benefit stemming from the PG&E Camp Fire lawsuit, provided the necessary electrical pedestals are installed and approved. Given the current market rate of $900 to $1200 per month for RV spaces in Paradise, this property presents a substantial return on investment. The total area of the property is 69,696 square feet. This is a prime investment opportunity for a savvy entrepreneur looking to capitalize on the high demand for RV spaces in the Paradise area.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $27,466,000

  Retail / Commercial

  $13,772,100

  Mixed-Use / Specialty

  $13,476,900

  Hospitality / Lodging

  $9,567,140

  Office

  $13,140,500

  Institutional / Educational

  $13,922,600

  Residential Income

  $16,289,400

  Multifamily

  $20,901,100

  Automotive / Energy

  $11,933,600

  Parking / Income-Based Land

  $4,361,310

  Restaurant / Food Service

  $6,484,180

  Healthcare / Senior Housing

  $14,072,700

Location Insight

City

Paradise

County

Butte

State

California

Latitude

39.7667

Longitude

-121.617

CBSA code

17020

CBSA name

CHICO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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