200 Speedway

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200 Speedway

Chico, CA 95928
Asking Price
$499K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel covers 2.19 acres of land in Chico
  • Offered for sale at a price of 499,000 dollars
  • Property is situated in the 95928 zip code area
  • Asset location features coordinates 39.7067 and -121.7941
  • Located within the established Chico regional business market

What's Special

This 2.19-acre land parcel in Chico is available for purchase and serves as a functional site for investors or developers seeking land in Butte County. Situated in a region known for its proximity to Chico State University and a consistent regional economy, the property provides sufficient space for various development projects aligned with local zoning regulations. The site at 200 Speedway offers a level foundation for buyers planning commercial or industrial construction within this northern California corridor. Chico maintains a stable business environment characterized by its agricultural roots and diverse local commerce. Prospective owners can utilize this land to capitalize on the area's ongoing demand for accessible sites. The location provides connectivity to regional transit routes, making it a practical choice for enterprises requiring regional reach within the Sacramento Valley submarket. This asset presents a clear path for development for those looking to expand their footprint in a recognized California municipality.

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NOI
$80,000
Cap Rate
16.03%
DSCR
2.70
Strong
Cash-on-Cash
33.65%
Monthly Payment
$2,468.78
Annual Cash Flow
$50,374.643

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