1625-1975 NELSON Ave - Residential LAND FOR SALE


Oroville, CA 95965 3,484,800 SF
$2,790,000 USD
916-613-3339
1625-1975 NELSON Ave, Oroville, CA for Sale
$2,790,000 USD
Residential LAND - FOR SALE
1/17
3,484,800 SF

1625-1975 NELSON Ave
Oroville, CA 95965


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$2,790,000 USD

PRICE/ACRE

$34,875/AC

PRICE/SF

$0.80 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Manufactured Homes/Mobile Home Park

LAND ACRES

80 AC

LAND SF

3,484,800 SF

OFFSITE IMPROVEMENTS

-

ZONING

MHDR

APN/PARCEL ID

030-032-002,030-033-001,030-033-002

ASK ABOUT THIS PROPERTY

Judy CuongPortfolio Real EstateMore Info
916-613-3339

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Judy CuongPortfolio Real EstateMore Info
916-613-3339

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.