21520 Sonoma StBurney, CA 96013
- Retail properties
- 0.40 AC
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
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
Comparable in this City
Similar Nearby for Sale
FAQs
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