1975 NELSON AVE Active Save Request In-Person Tour Request Virtual Tour
Oroville,CA 95965
Key Details
Property Type Vacant Land
Sub Type Residential Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224072581
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 80.000 Acres
Acres 80.0
Property Description
Prime Medium to High Density Residential Subdivision Opportunity This exceptional piece of land, currently zoned Medium/High Density Residential (MHDR) per the General Plan, offers a lucrative subdivision opportunity. The property is a fairly flat expanse with no trees to clear, simplifying the development process. It went into foreclosure during the 2007 market crash, and the lender has now decided it's the perfect time to sell. There is an urgent need for housing in this area, making this a timely and profitable investment. The past owner had a map nearly completely approved for approximately 270 beautiful home sites on 80 acres. Current zoning allows for up to 14 dwelling units per acre, enabling the development of a substantial number of homes. The county has expressed strong interest in the redevelopment of a subdivision at this location with a new buyer. Seller financing could be considered, providing flexible options for many buyers. The time is ripe to address the pressing housing needs in this community. Seize this prime development opportunity now!
Location
State CA
County Butte
Area 12568
Zoning MHDR Med-high Dens Res
Direction Take CA-70 N/State Hwy 70 N to Nelson Ave
Exterior
Utilities Available None
Water Access Desc Meter Required
Topography Downslope,Snow Line Below,Level,Other
Street Surface Paved
Road Frontage County Road
Building
Lot Description Pond Seasonal,Other
Sewer Other
Water Meter Required
Schools
Elementary Schools Thermalito Union
Middle Schools Thermalito Union
High Schools Oroville Union
School District Butte
Others
Senior Community No
Tax ID 030-032-002
Special Listing Condition Real Estate Owned