Description
Opportunities like this do not come along very often! This property is just under 10 total acres, is located in the desirable Thermalito area of Oroville and has been tentatively approved for a 40 lot subdivision. The town of Oroville is growing rapidly and is in desperate need of affordable single family housing. This property is the perfect way for an investor/developer to step in and help fill that need. Close to schools, retail centers and providing easy access to Highway 70, this is prime area for growth. Priced at an unbelievable $30,000 per acre, there is definitely a huge upside on this one. The reasonable cost means that it could be used as a great land-banking opportunity as well!
School Ratings & Info
Description
Opportunities like this do not come along very often! This property is just under 10 total acres, is located in the desirable Thermalito area of Oroville and has been tentatively approved for a 40 lot subdivision. The town of Oroville is growing rapidly and is in desperate need of affordable single family housing. This property is the perfect way for an investor/developer to step in and help fill that need. Close to schools, retail centers and providing easy access to Highway 70, this is prime area for growth. Priced at an unbelievable $30,000 per acre, there is definitely a huge upside on this one. The reasonable cost means that it could be used as a great land-banking opportunity as well!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-09T16:30:55.987. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Agent & Company. Licensed in the State of California, USA.