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Listed by Austin Barron • Austin Barron, Broker
$8,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SN-26197694
Property Sub-Type Unimproved Land
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional large-scale residential development opportunity: Oro Bay comprises approximately 421 acres at the southeast corner of Oro Dam Boulevard West/SR 162 and Wilbur Road in Oroville. The site offers approximately 3,200 feet of frontage on SR 162 and 4,930 feet along Wilbur Road. Offered at $8,500,000, or approximately $20,190 per acre and $3,555 per potential residential lot. Past planning materials outline a full master-planned community with low, medium, and high-density housing. The conceptual program allocates approximately 281.5 acres to residential uses: 109 acres for 327–654 low-density units, 147 acres for 736–1,176 medium-density units, and 25.5 acres for 204–561 high-density units. The Specific Plan narrative also allows for an overall cap of up to 2,400 homes, arranged within 17 residential planning pods to provide flexibility in responding to market demand. The concept includes 82.5 acres of parks and open space, 17.5 acres of public facilities, and 39.5 acres of roads. Planned community features include neighborhood/community parks, a pocket park, linear parks, approximately 60 acres of environmental conservation, and a potential school/joint-use park site. Proposed circulation includes one access from SR 162 and two from Wilbur Road. The site is positioned just north of the Thermalito Afterbay and west of Table Mountain Golf Course and Oroville Municipal Airport, approximately 2.3 miles east of Highway 99 and 3.4 miles west of Highway 70. Planning documents identify potential water and sewer service through Thermalito Irrigation District, PG&E gas and electric at the property boundaries, and conceptual on-site stormwater detention systems. With exceptional scale, a comprehensive historical master-plan framework and potential for nearly 2,400 residences, Oro Bay represents a rare opportunity to shape a landmark community in Northern California.
Location
State CA
County Butte
Interior
Laundry None
Exterior
Utilities Available None
Building
Lot Description 6-10 Units/Acre
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900