For Sale

1625 NELSON Avenue, Oroville, CA 95965

1625 NELSON Avenue, Oroville, Butte, CA, 95965
1 year ago
Views: 7

$2,488,800(Negotiable)

Overview

3462600

Type

Residential Acreage

Parking

Purpose

For Sale

About This Listing

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!

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MetroList CA data Last Updated: May 23, 2025, 5:23 pm

Data Source: SACM