Listed by Brian Voigt•DRE #01700708• Re/Max Home and Investment
Contact: briankvoigt@gmail.com
For sale
$49,500
Est. $342/mo —
Land
•
0.48
acre (lot)
5949 Foster, Paradise, CA 95969
About this home
Prime Commercial Investment Opportunity in Paradise, California. Located at 5949 Foster Road, this approximately half-acre property is zoned for Commercial Business and Community Commercial use within the Town of Paradise. ACTIVE WATER with Paradise Irrigation District. The property is also located in the Downtown Revitalization Area, where sidewalks have been completed and streetlights are already in place. Prior to the Camp Fire, the property featured an apartment building with approximately 7,360 square feet, reportedly including 15 bedrooms and 11 bathrooms. With Paradise continuing its rebuilding and revitalization efforts, this site offers an excellent opportunity for an investor to redevelop, hold, or bring a new commercial or mixed-use vision to life. A promising investment opportunity in a growing community—ideal for the right buyer with a long-term vision.
The central-business zone is intended for land areas located within the central commercial (downtown or core) area of Paradise and that provide for commercial retail and service uses, public uses, professional and administrative office uses, and multiple-family residential uses. The central-business zone is consistent with the central-commercial (C-C) land use designation of the Paradise general plan and it is potentially consistent with the town-commercial (T-C) Paradise general plan land use designation. Within the central-business zone, the Walkable Downtown Core (WDC) shall be established by this title and have the boundaries shown on the Walkable Downtown Core map which is adopted concurrently herewith.
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Manufacturing
Bed & breakfast
Office
Medical office
Public service
Recreation
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
8% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 101° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
37 unhealthy days expected this year, 42 days in 30 years
Provided by First Street
Historical weather
Paradise, CA • 95969
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46
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 5949 Foster
$49,553
$53 over list price of $50K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $25K to $665K.