Property listed by Ryno Company, Michael Lee 5305703222
$110,000
Prime Development Opportunity - Unlock the potential of this ideally located vacant lot in the heart of Oroville! Situated on Nelson Avenue, a well-traveled thoroughfare with easy access to downtown, shopping centers, schools, and Highway 70, this spacious and level parcel offers an outstanding opportunity for investors,… Read More builders, or business owners. Whether you're looking to develop residential, commercial, or mixed-use, this lot delivers flexibility and visibility in a fast-growing area of Butte County. Utilities are nearby, and zoning supports a variety of uses - buyers are encouraged to verify with the City of Oroville for specific development possibilities. PROPERTY OVERVIEW • Address: 82 Nelson Avenue, Oroville, CA 95965 • Lot Size: 0.58 • Zoning: R2m • Flat, usable land with excellent street frontage • Close proximity to schools, parks, and public transportation • Less than 5 minutes to downtown Oroville and Highway 70 DEVELOPMENT POTENTIAL • Suggested development of 12 units at 400 sq/ft each (see conceptual layout) • Gross income potential of $172,080/yr ($14,340/mo) • Estimated buildout cost of $1,800,000 (based on $150,000 per unit build cost estimate) • Potential for additional, multilevel unit development at buyer’s discretion Don't miss your chance to invest in this versatile property with significant upside potential. Bring your vision to life in this well-positioned, high-visibility location! Read Less
Property listed by Ryno Company, Michael Lee 5305703222
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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