1975 Nelson Avenue
Oroville, CA 95965
- – beds
- – baths
- – sqft
- ~80 acre lot
- – on site
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!
Listing courtesy of METROLIST / Portfolio Real Estate
Last checked:
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Last updated Nov 7, 2024
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MLS# 224072581 —
Location
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Directions:Take CA-70 N/State Hwy 70 N to Nelson Ave
The Property
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Parcel Number:030-032-002
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Property Type:Land
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Property Sub Type:Residential Acreage
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Lot Features:Pond Seasonal,Other
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Lot Size Acres:80.0
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Lot Size Square Feet:3484800.0
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Lot Size Units:Acres
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Lot Size Source:Owner
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Topography:Downslope,Snow Line Below,Level,Other,Downslope,Snow Line Below,Level,Other
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Zoning:MHDR Med-high Dens Res
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Zoning Description:2nd Unit Possible,Planned Unit Development,Commercial,Residential,Horses Allowed,Single-Family,Split Possible,Mixed,Modular Homes/Trailers,Multi-Residential
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Current Use:Vacant
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Possible Use:Residential,Subdivision,See Remarks
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Crops:None
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Vegetation:None
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Horse:false
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Irrigation Source:Other
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Road Frontage Type:County Road
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Road Surface Type:Paved
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Home Warranty:false
Utilities
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Utilities:None
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Sewer:Other
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Water Source:Meter Required
Schools
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Elementary School District:Thermalito Union
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Middle Or Junior School District:Thermalito Union
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High School District:Oroville Union
The Community
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Senior Community:false
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Spa:false
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Pool Private:false
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Association:false
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Development Status:Subdivision Possible,Surveyed,Improvement Plans Available,Lot Split Possible,Map Required
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
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7/2/24
Jul 2, 2024
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Listed / Active | METROLIST | $2,790,000 |