1625 Nelson Avenue
$2,790,000
3,484,800 / 80
Description
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...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!
- Listed by Gary Lee • DRE #01448722 • Portfolio Real EstateP: (916)-595-4279 gary95624@gmail.com
Property Details for 1625 Nelson Avenue
Zoning Description
2nd Unit Possible,Planned Unit Development,Commercial,Residential,Horses Allowed,Single-Family,Split Possible,Mixed,Modular Homes/Trailers,Multi-Residential
ZoningMHDR Med-high Dens Res
LISTING UPDATED: 07/02/2024 03:12 PM
Property Details for 1625 Nelson Avenue
Status | Active |
---|---|
MLS # | 224072581 |
Days on Compass | 173 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land / Residential Acreage |
Year Built | - |
Lot Size | 80.00 AC |
County | Butte County |
Building Information for 1625 Nelson Avenue
Lot Size80.00 AC
Property Information for 1625 Nelson Avenue
Property History for 1625 Nelson Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 1625 Nelson Avenue
This home is within Oroville Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 1 to 6 |
Rating | School | Distance |
---|---|---|
Poplar Avenue Elementary School PublicK to 5 | ||
Nelson Avenue Middle School Public6 to 8 | ||
Oroville High School Public9 to 12 | ||
Pioneer Community Day School Public1 to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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