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Oasis Road & Gold Hill Drive 60.72 Acres of Commercial Land Offered at $3,500,000 in Redding, CA 96003
EXECUTIVE SUMMARY
The subject property is owned by CMH Homes, Inc. and comprises approximately 60.72 acres. It is generally located along the southern side of Oasis Road, east of Gold Hill Road, in the City of Redding, Shasta County. It reflects two parcels known as The Reserve at Gold Hill Units 1, 2, 3 and The Reserve East. The Shasta County Assessor's Office identifies Units 1, 2 and The Reserve East as parcel 074-230-039 with a total site area of 50.22 acres. Unit 3 is currently identified by Shasta County as parcel 074-210-004 with a total site area of 10.5 acres.
This property was purchased with the intent of developing a single-family residential community. Unit 1 (49 Lots) was fully approved by the city of Redding. Unit 2 (102 Lots) has a tentative map approved and SDS was working on CDs. The Reserve East (26 Lots) was formally submitted for entitlements and SDS was working on addressing comments. Unit 3 (25–28 Lots) has a concept plan but no formal approvals.
This property was purchased with the intent of developing a single-family residential community. Unit 1 (49 Lots) was fully approved by the city of Redding. Unit 2 (102 Lots) has a tentative map approved and SDS was working on CDs. The Reserve East (26 Lots) was formally submitted for entitlements and SDS was working on addressing comments. Unit 3 (25–28 Lots) has a concept plan but no formal approvals.
PROPERTY FACTS
| Price | $3,500,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 60.72 AC |
| Price | $3,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 60.72 AC |
1 LOT AVAILABLE
Lot
| Price | $3,500,000 | Lot Size | 60.72 AC |
| Price Per AC | $57,641.63 |
| Price | $3,500,000 |
| Price Per AC | $57,641.63 |
| Lot Size | 60.72 AC |
1 1
PROPERTY TAXES
| Parcel Number | 074-230-039-000 | Improvements Assessment | $0 |
| Land Assessment | $1,722,943 | Total Assessment | $1,722,943 |
PROPERTY TAXES
Parcel Number
074-230-039-000
Land Assessment
$1,722,943
Improvements Assessment
$0
Total Assessment
$1,722,943
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Oasis Road & Gold Hill Drive
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