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    OFF-MARKET
    Commercial real estate

    3063 Oro Dam Blvd, Oroville, CA 95965

    421.2 ac lot
    Property ID
    US09-2897432
    Property summary
    AI-generated overview

    This exceptional 421.2-acre property in Oroville, California, presents a unique investment opportunity. Comprising two adjacent parcels (approximately 162.36 and 258.84 acres), this expansive land tract boasts an impressive 3,200 linear feet of paved road frontage on State Route 162, strategically positioned between Highways 70 and 99. Its proximity to Oroville's popular Thermalito Afterbay, a 4,300-acre water recreation area, adds significant recreational value. The property is currently zoned RR5, the same zoning it held when a prior development agreement was approved (October 5th, 2010) for a 2,400-lot subdivision, although that agreement has since expired. Utilities include power at the street and a water line at the adjacent Linkside Place Subdivision. An existing dilapidated home and well are located on the property, offering potential for a custom ranch site. The land's location, size, and zoning make it ideal for various development projects or as a substantial land bank investment. Detailed prior development documentation, surveys, and tentative title reports are available upon verification of purchasing ability. Priced at $8,900,000 ($21,140.14 per acre), seller financing may be available with a 50% down payment; terms are negotiable. This is a rare opportunity to acquire a significant land holding in a rapidly developing area. APN: 030-260-053 & 030-260-054.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 421.2 ac (18,347,472 SF)
    APN 030-260-053 & 030-260-054
    UPID US09-2897432
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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