1425 Hwy 99, Gridley, CA

$495,000

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1.23

Acres

About 1425 Hwy 99

EXECUTIVE SUMMARY This Northern California property represents an excellent opportunity for a builder/developer entry into this booming Commercial market. In total there is 1.23+/- acres of Commercial Highway 99 frontage on this busy corridor. The City of Gridley is very developer friendly and looking to expand. Owning its own power company it offers rates 20% lower than PG&E & has the ability to be flexible with developers to help keep rates much lower. Average Daily Traffic Count (ADT) is well over 25,000+ cars/day & growing with this highly visible property. Housing demand is excellent with most buyer profiles coming from the greater Sacramento & the Bay area in search of more desirable living within the common budget of $450,000-$800,000. The Seller can get very creative. Currently the property is in one parcel. Located in an area that has favorable infrastructure, access and an opportunity for further lot splits. QUALITY OF LIFE The community offers an outstanding quality of life. Gridley residents and businesses enjoy wonderful weather, affordable real estate, and incredible recreational opportunities. The area continues to see a strong mass migration of people wanting out of the metropolitan cities, due to Covid and their ability to telecommunicate for work. Many are moving to Gridley to raise their children, providing them with an superior Educational School system. With Sacramento only sixty miles south, State Route 99 is a high volume corridor for area residents, businesses, truck transportation, and recreational travelers. Businesses benefit from the Citys Can Do

Features of 1425 Hwy 99

MLS® # SN25065563
Price $495,000
Acres 1.23
Type Land
Sub-Type Lots/Land
Status Active

Community Information

Address 1425 Hwy 99
Area GRIDLEY (95948)
City Gridley
County Butte
State CA
Zip Code 95948

Amenities

Is Waterfront No
Has Pool Yes

Interior

Fireplace Yes

Exterior

Lot Description Corner Lot,Curbs,Sidewalks

Additional Information

Date Listed March 25th, 2025
Days on Market 98
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHamman Real Estate

Listing Map

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