6674 Pentz Rd - Commercial LAND FOR SALE


Paradise, CA 95969 690,426 SF
$1,390,000 USD
619-839-0619
6674 Pentz Rd, Paradise, CA for Sale
$1,390,000 USD
Commercial LAND - FOR SALE
1/14
690,426 SF

6674 Pentz Rd
Paradise, CA 95969


HIGHLIGHTS

  • Seller Financing – Attractive seller financing is available for qualified borrowers (30% Down, 5% I/O, 3 year term).
  • Scale – 100 spaces allows for economies of scale in development and operations once complete.
  • Sites – Over 90% of the spaces are large enough for a doublewide MH with the remainder able to fit a singlewide.
  • Attractive Pricing – Ridgewood MHP is being offered for $13,900 per pad, 25% less than similar sites which have traded for average $18,485 per pad.
  • Rent Comps – Comparable manufactured home communities in Paradise are earning monthly space rents averaging $612.
  • Location – Within 10 minutes of major retail and services, 30 minutes of Chico, CA and 90 minutes of Sacramento, CA.

OVERVIEW

Ridgewood MHP is a development opportunity located in Paradise, CA, nestled in the scenic foothills of the Sierra Nevada. Comprised of two separate parcels spanning 15.85 acres, it is one of the largest communities in the area. With attractive seller financing available and 100 manufactured home sites, it presents the opportunity for economies of scale upon completion. Ridgewood MHP consists of primarily flat, usable land and all debris has been cleared from the 2018 Camp Fire, resulting in a blank slate for the reestablishment of a high-quality community. The property is being offered for a price of $1,390,000 ($13,900 per pad) and seller financing is available for qualified borrowers at 5% Interest Only for a three-year term with 30% down. Public water is available for Ridgewood MHP from Paradise Irrigation District and there was an expansive septic system consisting of 32 tanks with all tanks having at least one replacement field prior to the fire, with current status needing to be inspected by new owner. PG&E has committed to restoring electric and gas service, streamlining utility reinstatement for future development. There is also excess land at the east end of the property which was previously used for storage. The town of Paradise is blooming thanks to substantial public and private investment. In 2022, $73mm was allocated to repave all public roads and public underground utility repairs were completed in 2024. Businesses and residents have returned to Paradise, with numerous retailers located within 3-miles of Ridgewood MHP such as Dollar General, Walgreens, Dollar Tree, Ross Dress for Less, and more. A recent grant from the Sierra Nevada Conservancy will enable the expansion of Noble Recreation Park, an outdoor amenity directly adjacent to Ridgewood MHP. For major employment and services, Ridgewood MHP is located approximately 30 minutes from Chico, CA and 90 minutes from Sacramento, CA.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/ACRE

$87,697/AC

PRICE/SF

$2 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Ridgewood MHP Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Manufactured Homes/Mobile Home Park

LAND ACRES

15.85 AC

LAND SF

690,426 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets

ZONING

Town-Residential-1/3

APN/PARCEL ID

050-230-058-000,050-230-059-000

ASK ABOUT THIS PROPERTY

Jason LippeAvine Real EstateMore Info
619-839-0619

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Jason LippeAvine Real EstateMore Info
619-839-0619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.