Property Details
About this Property
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!
MLS Listing Information
MLS #
ME224072581
MLS Source
MetroList Services, Inc.
Days on Site
135
Lots & Land Information
Development Status
Improvements Plans Avail, Lot Split Possible, Map Required, Other, Subdivision - Possible
Lot Description
Other
Utilities
None
Parking, School, and Other Information
Sewer
Other
Water
Other
HOA Fee
$0
Zoning
MHDR Med-high Dens Res
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1625 Nelson Ave is in Oroville, CA 95965. This Land is currently priced at $2,790,000. This address can also be written as 1625 Nelson Ave, Oroville, CA 95965.
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This listing information is up-to-date as of July 02, 2024. For the most current information, please contact Gary Lee, (916) 595-4279
