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Land for sale in Gridley California

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$1,549,900 3.96 acres 612 sqft
1378 State Highway 99, Gridley, CA 95948 - Butte County

3.96 acres Gridley, CA

Future commercial development opportunity with this 27 unit multi-family complex on 3.96 acres with several hundred feet of frontage along Hwy 99. Property is made up of 3 separate parcels. There are 27 units: 4 Studio, 12 ( 1 bd/1 ba), & 11 (2 bd/1 ba). Average unit is 612 SF. There are also 5 storage unit buildings that could be rented for storage or restored to studio cottages. Located within walking distance to Safeway, restaurants and banks. Several units have been remodeled in the last year. Wonderful income property with huge potential for commercial development in the future.