1625 NELSON AVENUE
Oroville, CA 95965
80.00 acres | #224072581
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!
Property Details
- Zoning2nd Unit Possible, Planned Unit Development, Commercial, Residential, Horses Allowed, Single-Family, Split Possible, Mixed, Modular Home
- Lot DescriptionPond Seasonal, Other
- Property SubtypeResidential Acreage
- Utility SourceMeter Required
- MLS #224072581
- MLS #224072581
- Property TypePurchase
- Cost2790000
- Sewer InformationOther
- CountyButte
- Acres80
Location
Legal
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Last Updated: . Source: METROLISTMLS
Listing Courtesy
Listing Agent: Gary T Lee Jr (#SLEEGARY)
Listing Office: Portfolio Real Estate (#01PRTF)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.