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5318 Olive Highway - 5318 Olive Highway 6.28 Acres of Commercial Land Offered at $3,000,000 in Oroville, CA 95966
Investment Highlights
- 6.28 Acres of Multifamily Land
- Poles onsite
- Highway Frontage
Executive Summary
Prime Multifamily Land for Development, zoned MU-3 and PUD. The Subject Parcels are strategically located in the path of progress and only one-off the major intersection of Olive Highway (162) and the intersections of Kelly Ridge Road and Miners Ranch Road. MU zoning allows for up to 15-20 residential units per acre; in addition to retail, restaurants, personal services and offices which may also be supported under the PUD zone.
Property Facts
1 Lot Available
Lot 034, 035
| Price | $3,000,000 | Lot Size | 6.28 AC |
| Price Per AC | $477,707.01 |
| Price | $3,000,000 |
| Price Per AC | $477,707.01 |
| Lot Size | 6.28 AC |
Mixed-Use, vacant land just off Highway 162
Description
The Subject Property is located in East Oroville at the gateway to Kelly Ridge/Lake Oroville. The Subject Parcels are strategically located in the path of progress and only one-off the major intersection of Olive Highway (162) and the intersections of Kelly Ridge Road and Miners Ranch Road. In addition to multifamily development the parcels offer strong potential for commercial or mixed-use repositioning, subject to Butte County review and approvals.
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $207,263 | Total Assessment | $207,263 |
Property Taxes
Parcel Numbers
Land Assessment
$207,263
Improvements Assessment
$0
Total Assessment
$207,263
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5318 Olive Highway - 5318 Olive Highway
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