55 Grand Ave Oroville, CA 95965
- Land
- 22.81 lot acres
Current Use by Public Records
- Land
Property Details for 55 Grand Ave
- Lot size
- 22.81 lot acres
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional investment opportunity presents a fully-prepared 174-unit multifamily housing project situated on approximately 22.81 acres of land in Oroville, California. Located at 55 Grand Avenue, this shovel-ready development includes comprehensive documentation, significantly reducing time to market. The package encompasses detailed elevations, complete construction drawings, a finalized fee schedule, and a professional appraisal reflecting the project's value upon completion. Further bolstering this venture is a formal letter of support from the City of Oroville, streamlining the approval process. The property's prime location offers stunning views and convenient access via Oro Dam Boulevard and Highway 70, connecting residents to the broader Oroville area and neighboring cities like Chico (approximately 25 miles away). Oroville itself boasts a vibrant community, situated along the Feather River, providing ample recreational opportunities. This project represents a strategically located, high-potential investment in a thriving market, promising significant returns for the discerning investor. The asking price for this remarkable opportunity is $3,400,000. This is a truly unique chance to acquire a well-positioned, fully documented multifamily development ready for immediate action.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oroville
- County
- Butte
- State
- California
- Longitude
- -121.56
- Latitude
- 39.5188
