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Retail

5.10-Acres

1317 B St, Marysville, CA 95901

Listing Price: $1,500,000

Lot Size
5.10 acres
Price/Acre
$294,118
Land Type
Land

Investment Overview

The offering consists of a portfolio of 10 city-owned parcels of land totaling 5.10 acres in Marysville, California. More specifically, the parcels are located at the Highway 70 and Highway 20 interchange on B Street (between 12th Street and 14th Street) across the street from Ellis Lake. The 10 parcels are positioned adjacent to each other and range in size from 4,731-square feet to 57,053-square feet. In 2008 the City abandoned the rights-of-way for the B Street Property creating one consolidated site for development. The site has a General Plan designation of Industrial and is zoned M-1 (light industrial). Hotels and restaurants are conditionally permitted in this zoning district and retail is permitted. The maximum building height is 35 feet. The City is open to changing the General Plan zoning and development criteria subject to the normal development review process and terms to be defined in a development agreement. The parcels have excellent visibility along B Street (Highway 70) with average daily traffic counts (ADT) in excess of 19,500. Furthermore, the topography of all the parcels is flat with little grading needed. Prior development on the now vacant land was a hotel, a fast-food restaurant, and residential dwellings (all structures were removed years ago). Overhead utilities, water lines, and sewer lines remain in the abandoned right-of-way and must be relocated or otherwise accommodated as part of the comprehensive development. A recent clean Phase I will be provided during escrow. The City of Marysville (pop. 12,327) is a unique and charming community located at the confluence of the Feather and Yuba Rivers. It is also the county seat of Yuba County (pop. 78,668). Marysville is immediately adjacent to Yuba City, which is the county seat of Sutter County, and the combined bi-county population is 175,639. Marysville is home to Caltrans District 3 Headquarters, the Yuba Water Agency, and the Yuba-Sutter Bi-County region’s only full-service hospital, Adventist HealthRideout. The City’s location and proximity to Highways 99, 70 and 20 provide easy access to many of the area’s major attractions. Some of the specific recreation amenities in Marysville include: · Riverfront Regional Park Complex - includes soccer fields that host regional tournaments, boat launches, a BMX course and an outdoor arena · Bryant Field located at B and 14th Streets - home of the Marysville Gold Sox semi-professional baseball team - immediately across from the B Street Property · Ellis Lake - Between 9th and 14th Streets and B and D Streets - also immediately across from the B Street Property The City of Marysville currently owns the parcels and are motivated for development. Totaling 222,156-square feet or 5.10-acres, the parcels are being offered as a portfolio at a price equal to $6.75-per square foot or $1,500,000.

Investment Highlights

  • Portfolio Sale of 10 Parcels (Total 5.10 Acres)
  • Located along B Street (Highway 70) 19,500 Vehicles Per Day
  • No Environmental Conditions (Clean 2022 Phase I)

Exclusively Listed By

Listing Price: $1,500,000

Lot Size
5.10 acres
Price/Acre
$294,118
Land Type
Land

Investment Highlights

  • Portfolio Sale of 10 Parcels (Total 5.10 Acres)
  • Located along B Street (Highway 70) 19,500 Vehicles Per Day
  • No Environmental Conditions (Clean 2022 Phase I)

Investment Overview

The offering consists of a portfolio of 10 city-owned parcels of land totaling 5.10 acres in Marysville, California. More specifically, the parcels are located at the Highway 70 and Highway 20 interchange on B Street (between 12th Street and 14th Street) across the street from Ellis Lake. The 10 parcels are positioned adjacent to each other and range in size from 4,731-square feet to 57,053-square feet. In 2008 the City abandoned the rights-of-way for the B Street Property creating one consolidated site for development. The site has a General Plan designation of Industrial and is zoned M-1 (light industrial). Hotels and restaurants are conditionally permitted in this zoning district and retail is permitted. The maximum building height is 35 feet. The City is open to changing the General Plan zoning and development criteria subject to the normal development review process and terms to be defined in a development agreement. The parcels have excellent visibility along B Street (Highway 70) with average daily traffic counts (ADT) in excess of 19,500. Furthermore, the topography of all the parcels is flat with little grading needed. Prior development on the now vacant land was a hotel, a fast-food restaurant, and residential dwellings (all structures were removed years ago). Overhead utilities, water lines, and sewer lines remain in the abandoned right-of-way and must be relocated or otherwise accommodated as part of the comprehensive development. A recent clean Phase I will be provided during escrow. The City of Marysville (pop. 12,327) is a unique and charming community located at the confluence of the Feather and Yuba Rivers. It is also the county seat of Yuba County (pop. 78,668). Marysville is immediately adjacent to Yuba City, which is the county seat of Sutter County, and the combined bi-county population is 175,639. Marysville is home to Caltrans District 3 Headquarters, the Yuba Water Agency, and the Yuba-Sutter Bi-County region’s only full-service hospital, Adventist HealthRideout. The City’s location and proximity to Highways 99, 70 and 20 provide easy access to many of the area’s major attractions. Some of the specific recreation amenities in Marysville include: · Riverfront Regional Park Complex - includes soccer fields that host regional tournaments, boat launches, a BMX course and an outdoor arena · Bryant Field located at B and 14th Streets - home of the Marysville Gold Sox semi-professional baseball team - immediately across from the B Street Property · Ellis Lake - Between 9th and 14th Streets and B and D Streets - also immediately across from the B Street Property The City of Marysville currently owns the parcels and are motivated for development. Totaling 222,156-square feet or 5.10-acres, the parcels are being offered as a portfolio at a price equal to $6.75-per square foot or $1,500,000.

Exclusively Listed By

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