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$2,790,000

Est. payment - /mo

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80 Acres Lot

Active

1975 NELSON AVE Oroville, CA 95965

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

07/02/2024 10:12 PM

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

Listed by Portfolio Real Estate

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925