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 #
ME224072581
MLS Source
MetroList Services, Inc.
Days on Site
142
Development Status
Improvements Plans Avail, Lot Split Possible, Map Required, Other, Subdivision - Possible
Lot Description
Other
Utilities
None
Sewer
Other
Water
Other
HOA Fee
$0
Zoning
MHDR Med-high Dens Res
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.©2024 MetroList Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MetroList Services, Inc.
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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