$1,350,000

Outstanding residential development opportunity in Oroville's Thermalito area. This approximately 40-acre property forms part of a larger approximately 80-acre residential project for which a historical tentative subdivision map depicted 270 proposed home sites. Based on the approximate division of that plan, this individual property represents the potential for approximately 150 home sites. The original development application was filed around 2006 and advanced through nearly the entire approval process. The residential zoning established for the project remains in place. Extensive subdivision planning, engineering, grading, street, utility and supporting development work was completed. The remaining project issue involved the final drainage treatment for runoff from the creek. The application eventually expired before that final matter was completed, but the extensive prior work may give a new builder or developer a tremendous starting point. Historical project maps show public water and sanitary sewer lines at the property boundaries. The utility design included a proposed 8-inch looped water-main system connecting to existing water infrastructure, along with existing 8-inch and 12-inch sanitary sewer mains at various locations around the overall property. The largely open site offers multiple road frontages and excellent access potential. The property is conveniently located near Highway 70, the Thermalito Forebay, schools, shopping, employment centers and Butte County services. The adjoining approximately 40-acre property is also available. Purchase this parcel individually for its approximately 150-home-site potential, or acquire both properties and control the entire approximately 80-acre site covered by the historical 270-home-site subdivision plan. A rare opportunity to acquire residential development land with zoning in place, extensive prior project work and major utility infrastructure shown at the property boundaries. Buyer to verify current development requirements and utility availability.