Description

Extraordinary opportunity to acquire approximately 111 acres of residential development land in unincorporated Butte County near the southern Oroville city limits. The property was previously planned as The Communities at Cottonwood Creek, a master-planned residential community concept featuring 644 proposed residential lots/units arranged among multiple residential villages, together with a proposed 20-acre regional park and approximately 40,000 linear feet of active trail system. Offered at $999,000, or approximately $9,000 per acre and just $1,551 per proposed residential lot, providing an exceptionally low land basis for a large-scale residential development opportunity. The property consists of three assessor parcels, APNs 035-130-074, 035-130-120 and 035-130-179, and is situated east of Lincoln Boulevard/Road, south of Ithaca Street and north of the Oak Knoll area. Significant previous development and due-diligence work has already been completed, including expired tentative subdivision/PUD planning, geotechnical engineering, Phase I environmental assessment, biological resources studies, wetland delineation, traffic, drainage, archaeological, noise, sewer and water analyses, and utility coordination. The prior development concept utilized clustered residential planning intended to preserve open space and natural features while creating a connected community of residential neighborhoods, parks and trails. An outstanding opportunity for a builder, developer or land speculator seeking substantial residential acreage at a compelling basis in the Oroville market.