1625-1975 NELSON Ave
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1625-1975 NELSON Ave
80 Acres of Residential Land Offered at $3,954,741 CAD in Oroville, CA 95965
Executive Summary
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 Facts
| Price | $3,954,741 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 80.00 AC |
| No. Lots | 1 | Cross Streets | 16th st |
| Property Type | Land |
| Price | $3,954,741 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 80.00 AC |
| Cross Streets | 16th st |
1 Lot Available
Lot
| Price | $3,954,741 CAD | Lot Size | 80.00 AC |
| Price Per AC | $49,434 CAD |
| Price | $3,954,741 CAD |
| Price Per AC | $49,434 CAD |
| Lot Size | 80.00 AC |
Prime Medium to High Density Residential Subdivision Opportunity
zoning
| Zoning Code | MHDR (Medium High Density Residential (MHDR).) |
| MHDR (Medium High Density Residential (MHDR).) |
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1625-1975 NELSON Ave
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