Cottonwood Road
Oroville, CA 95965
100.00 acres | #223091316
Description
This gorgeous 100 acre parcel consists of 80+/- acres of Super High Density Planting (HDP) Olive vineyard centrally located on Cottonwood Road between Hwy 99 & Hwy 70 in the middle of Butte County. The planting is on 13-foot by 5-foot spacing resulting in 670 trees per acre with the support of a trellis system. Owners strategically planned and developed this unique showpiece to make it one of a kind. WATER: Tremendous water with a 50HP Pump producing 2,500 gallons/minute provides irrigation through emitters on drip-line. Laser leveled and terraced for draining. PROFITABLE: Has a great Supplier Contract. BONUS: Being within 1 mile of the large PG&E substation creates another big benefit. Currently there is one Solar Option Contract with a National Energy provider that once exercised will pay $3,750/acre per year for 50 acres ($187,500/year) with a 2% annual escalator for a minimum of 22 years with options to extend up to 34 years nine months. -Cont.
Property Details
- ZoningAgricultural, Orchard, Agricultural/Residential, Research & Development, Farm/Ranch, Horses Allowed, Rezone Possible, Split Possible, Ke
- Utility SourceAgricultural Well, Private Well
- Lot DescriptionBuilding Pad, Pond Year Round
- ViewOrchard, Panoramic, Vineyard
- Utility FeaturesSee Remarks
- Property SubtypeAgriculture
- FenceBarbed Wire
- MLS #223091316
- MLS #223091316
- Property TypePurchase
- Cost2950000
- CountyButte
- Acres100
Location
Legal
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Last Updated: . Source: METROLISTMLS
Listing Courtesy
Listing Agent: Kory H Hamman (#DHAMMANK)
Listing Office: Hamman Real Estate (#01HMMR01)
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