Description

Riverfront Development Land! This may be the opportunity you are looking for to create your own development of Medium Density Residential homes just across the Feather River from Historic Downtown Oroville. The property is the last frontier for development within the city limits! Centrally located, this property is very close to Shopping, Restaurants, Schools, has nearby power, water, and sewer. This property, coated with Thompsonflat loam soils on a total of 65.31+/- Acres in 6 parcels, has the potential to be subdivided into roughly 150 lots, depending on the configuration of development. Butte County zoning MDR (approved rezone in 2005) provides for up to 6 units per acre development, with a minimum lot size of 6,000 Square Feet, minimum setbacks of 20ft in the front, 5ft on the sides, and 10ft in the rear, as well as a maximum height of 35 ft. This property also had a proposal done for a quasi-public and commercial mixed-use project titled "The Preservoir" and included recreational, nature center, lodging, restaurant, retail and office uses. Ask your agent for a copy of our supplemental documents, including our offering memorandum, tentative subdivision map for residential development including all traffic, engineering, soils, and other reports. We also have geotechnical engineering reports, feasibility studies, soils reports, delineation of water surveys, and more for "The Preservoir" project as well! Don't forget to check out our video tour and topography maps in the virtual tour section!

Features

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• 65.31 Acres