0 Garner Lane, Chico, California 95973

$3,500,000

Property Type

Commercial Sale

Building Size

100 sqft

City

Chico

Status

Active

One of the few remaining large, contiguous parcels of open land in north Chico. Surrounded by numerous prestigious upscale homes and new custom home neighborhoods, this ±65 acre parcel is steeped in value and opportunity. Current zoning calls for very low density development, affording the opportunity to create large individual parcels for estate homes. The average price of newly constructed homes in the Keefer Slough area in the last year was $1,078,000 or $366 per square foot, and $970,000 or $309.03 per square foot in the last 5 years. Estimates show 55 parcels could be created out of this property with consideration for roads, curbs, gutters, and drainage. Pictures show this sample map for conceptual purposes only. Access to the property is from Garner Ln via deeded easement, or from Kittyhawk Drive via county right of way. Take this once in a generation opportunity to develop this unique expansion to North Chico!