21520 Sonoma StBurney, CA 96013

Property Details for 21520 Sonoma St

Lot size

0.40 AC

Zone code

C-2

Property type

Grocery and convenience stores

APN

030-310-055-000

APU

30310055000

Description

This 1,500 square foot building sits on a 0.38-acre lot with exceptional visibility along Highway 299, approximately 2.5 miles north of Burney, California. The property's former use as a gas station has been legally decommissioned, with all necessary environmental agency closure permits obtained, eliminating environmental concerns for future development. Its strategic location offers significant advantages, being roughly 2 miles from the planned Pit River Tribe cultural center and tourism destination at the 4 corners interchange. This presents a unique opportunity for substantial growth and increased foot traffic. The existing building provides immediate usability, while the oversized lot allows for diverse redevelopment options. Potential uses include commercial, retail, service-commercial businesses, or even a vehicle or equipment rental yard. The ample space is ideal for the storage and display of vehicles, equipment, machinery, and inventory. The asking price allows for flexibility

• CAP approach

  CAP return

  Valuation

  6%

  $4,475,809

  6.5%

  $4,131,516

  7%

  $3,836,408

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,197,336

  Geo Method

  $6,242,987

• Alternative Use

  Use

  Valuation

  Residential

  $3,485,088

  Hospitality

  $3,192,322

  Educational

  $2,655,974

  Medical

  $2,747,318

  Retail

  $4,131,516

Location Insight

City

Burney

County

Shasta

State

California

Latitude

40.9142

Longitude

-121.631

CBSA code

39820

CBSA name

REDDING, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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