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Improved Mixed-Use Land for Sale in Chico, California

406 Panama Ave, Chico, CA 95973

$620,000
1.5 acres
Active
Est $3,405/mo

Welcome to 406 Panama Avenue! This is a one-of-a-kind property in the heart of Chico. Not only is the lot size over 1.5 acres but it comes with a quality, mid-century 2,756 square foot home that boasts 4 bedrooms, 2 bathrooms, arched doorways, hardwood floors, sunny window seats, 2 fireplaces, large laundry room, extra-large family room and the list goes on. This property is zoned Light Manufacturing which allows for business, agricultural, manufacturing uses and more. This is an ideal live-work situation for someone looking to run their business and live in a charming home all in one place! The home and yard occupy .7 acres and the remaining .81 acres is fully fenced and gated, awaiting your imagination and creativity for the multitude of uses allowed. The long paved driveway, backyard paved parking pad and attached garage offer the ideal setup for multiple vehicles, recreational vehicles, boats, trailers, and more. All combined, this is one of the most unique, in-town Chico properties to come to the market in years. Don't miss out on this one!

2,756
Sq feet
4
Beds
1
Full bath
1
3/4 bath
1948
Built

Location

Street address
406 Panama Ave
School district
Chico Unified
Elevation
190 feet
Coordinates
39.7611, -121.858

Directions

Esplanade to Panama. Last house on the left.

Property details

Acreage
1.51 acres
Zoning
ML-AOD, PD
MLS #
MRMLS SN25231386
Posted

Parcels

  • 006160034000

Details and features

Listing

Type
Residential
Subtype
Single Family Residence

Exterior

Parking Spaces
2
Parking
Driveway, Garage, Paved or Surfaced, RV
Fencing
Fenced
Features
Agricultural, Back Yard, Biking Community Features Included, Fence, Hiking, Level With Street, Lot Over 40000 SQFT, Rectangular Lot

Structure

Stories
1
Heating
Central
Cooling
Central Air
Materials
Plaster, Stucco
Roof
Composition

Interior

Rooms
Bathroom x 2, Bedroom x 4, Bonus Room, Kitchen, Laundry
Flooring
Vinyl, Wood
Appliances
Cooktop, Dishwasher, Garbage Disposer, Gas Cooktop, Microwave, Washer
Features
Bay Window(s) Window Features, Ceiling Fan(s), French Doors, Pantry, Screens

Listing history

DateEventPriceChangeSource
Oct 3, 2025New listing$620,000MRMLS
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This 1.51-acre property is located at 406 Panama Ave in Chico, CA 95973. The property is available for sale for $620,000. It has a 2,756 sq ft 4 bedroom, 1 bath house built in 1948.

Checked 7 hours ago — Updated

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