6154 Lucky John RdParadise, CA 95969
- Land
- 1.60 AC
Property Details for 6154 Lucky John Rd
- Year built
- 1951
- Construction
- WOOD FRAME
- Lot size
- 1.60 AC
- Zone code
- MULTI
- Property type
- Land
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $14,377,240
- Hospitality
- $13,169,475
- Educational
- $10,956,848
- Medical
- $11,333,671
- Retail
- $17,043,986
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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