0 Forbestown Road Oroville, California


Listing IDSN19140241
Price$15,000,000
Price/SqFt$2.01
StatusActive
Acres 171
CountyButte
Property TypeLots and Land
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, and has entitlements, and overlooks California’s 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’s 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. Adjacent to a prime location for a anchor hotel on 7+ acres with addtl. 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 SFR
© 2019. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing courtesy of Kelly Lotti from Century 21 Select Real Estate, Inc. . Last updated Tuesday, July 23rd, 2019.

Contact - Listing ID SN19140241


Cesi Pagano

23807 Aliso Creek Road, #100
Laguna Niguel, CA 92677
Phone: (949) 370-0819
Fax: (949) 203-0487
Data services provided by IDX Broker
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