
Chico, California 95973
Analysis of 3208 State Highway 32, Chico, California 95973 is currently available with a list price of $380,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Chico Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1957 (67 years old) with no recorded major renovations, this property exceeds the 30-50 year threshold for poor condition. Currently configured as office space, it requires significant rehabilitation to modernize the kitchen and bathroom facilities for residential use. The listing's emphasis on 'redevelopment' and 'investment opportunity' suggests the structures need substantial updates to systems and interiors.
The property features a main residence, a detached cottage, and an additional outbuilding, offering exceptional flexibility for rental income, multi-generational living, or live/work setups.
Situated on over 1.2 acres of usable land with commercial zoning, the parcel provides significant opportunities for future redevelopment, business expansion, or specialized commercial use.
With a circular driveway and drive-through access to the rear of the deep lot, the property is well-suited for high-traffic business needs or owners with large vehicles and equipment.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1170.
The detached structures share a single utility meter and septic system, requiring extensive buyer due diligence regarding legal occupancy, permitting, and utility separation.
Currently utilized as office space, the main residence may require interior updates and functional adjustments to transition back into a standard residential home.
Unique investment opportunity on a deep State Highway 32 parcel in Chico. The property includes a main residence plus two detached outbuildings, offering flexibility for owner-occupants, investors, and live/work buyers. The front home is approximately 1,200 square feet and includes 2 bedrooms and 1 bathroom. It is currently configured as office space but retains kitchen and bathroom facilities and could be adapted to residential use, subject to buyer investigation. For MLS purposes, the total building area is estimated at approximately 2,500 square feet and includes the main residence, a detached two-bedroom, one-bath cottage, and an additional detached one-room structure currently occupied but without independent kitchen or bathroom facilities. The detached cottage is built on a cement foundation and is fully powered and insulated with hardwood floors and a solid structure. It has served as office space, library, guest quarters, and temporary housing. The cottage is served by the same utility meter and may share the existing septic system, although buyers should verify all utility connections, permits, and legal uses to their satisfaction. The additional detached structure has electricity and offers storage, office, workshop, or possible rental potential depending on buyer needs and applicable regulations. The long, usable lot features mature shade trees, circular driveway, ample parking, and drive-through access to the rear. Zoned commercial but offering significant residential, live/work, and income potential. The property also offers flexibility for future improvement, expansion, or redevelopment. Buyer to investigate zoning, permitted uses, square footage, unit count, utility connections, and all aspects of the property with the City of Chico and Butte County.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1957 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 20, 2026
$380,000
Initial Listing