0 Forbestown Road

    Oroville, CA
    • $995,000
    • STATUS: Active
    • ON SITE: 29 days
    • MLS #: SN19124301
    UPDATED: 39 min ago
    $995,000
    • 0
      BEDS
    • 7
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Lake Oroville Resort Community, is a vision to create a place like no other in the western U.S. Located at the gateway of the High Sierras, potentially the first and only mixed-use development is entitled for a hotel on California+GGs 2nd Largest Lake. Seller has been developing and improving the land over a period of many years. The buyer will have the opportunity to acquire the land with its entitlements, thereby mitigating a significant land development risk, and saving tremendous amounts of the developer+GGs time and money. The specific plan was adopted by Butte County in 1994. The county then and now is eager for private enterprise to provide a hospitality component for Lake Oroville with 1.4 mil visitors a year. The land being offered has awe-inspiring panoramic views of the coastal range, Sutter Buttes, Lake Oroville, and the Sacramento Valley. Development site is adjacent to the entry of Loafer Creek Recreational Area which is 880 acres and includes boat launching, camp grounds, horse motel, and 44 miles of riding and horse trails. Phase 1 of the Lake Oroville Resort Community is approved; entitlements are for hotel, condominiums, wellness center, and commercial center. This listing is the prime location for the anchor hotel on 7+ acres with additional acreage available to commence the development. Seller would sell all or a portion of Phase 1 or joint venture with potential buyers. The land also has no debt. Phase 2 of the plan is approved for 112 single family homes.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-27T08:32:48.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.desertareahomesforsale.com/homes/95268972

    0 Forbestown Road Oroville, CA

    • Price: $995,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: SN19124301
    0
    Beds
    0
    Baths
    0
    ½ Baths
    7
    Acres
    County:
    Butte
    Property Description
    Lake Oroville Resort Community, is a vision to create a place like no other in the western U.S. Located at the gateway of the High Sierras, potentially the first and only mixed-use development is entitled for a hotel on California+GGs 2nd Largest Lake. Seller has been developing and improving the land over a period of many years. The buyer will have the opportunity to acquire the land with its entitlements, thereby mitigating a significant land development risk, and saving tremendous amounts of the developer+GGs time and money. The specific plan was adopted by Butte County in 1994. The county then and now is eager for private enterprise to provide a hospitality component for Lake Oroville with 1.4 mil visitors a year. The land being offered has awe-inspiring panoramic views of the coastal range, Sutter Buttes, Lake Oroville, and the Sacramento Valley. Development site is adjacent to the entry of Loafer Creek Recreational Area which is 880 acres and includes boat launching, camp grounds, horse motel, and 44 miles of riding and horse trails. Phase 1 of the Lake Oroville Resort Community is approved; entitlements are for hotel, condominiums, wellness center, and commercial center. This listing is the prime location for the anchor hotel on 7+ acres with additional acreage available to commence the development. Seller would sell all or a portion of Phase 1 or joint venture with potential buyers. The land also has no debt. Phase 2 of the plan is approved for 112 single family homes.
    Exterior Features

    Lot Features 6-10 Units/Acre11-15 Units/AcreRolling Slope Lot Size Source Assessor Lot Size Units Square Feet View LakeMarinaMountain(S)PanoramicTrees/WoodsValley View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features FishingFoothillsHikingLakeHorse TrailsWatersportsStable(S)RuralValley Country Us Distance To Water Comments Tbd Elevation Units Feet Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Fr10

    Listing provided courtesy of Candace Andel of Century 21 Select Real Estate, Inc. and Kelly Lotti of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-27T08:32:48.84. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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