21520 Sonoma StBurney, CA 96013

  • Retail properties
  • 0.40 AC
For Sale
$60,000 View listing

Property Details for 21520 Sonoma St

Lot size
0.40 AC
Zone code
C-2
Property type
Retail properties
Property subtype
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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
21520 Sonoma St, Burney, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$1,468
$45,539
$90,621
$136,160
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