Description

Prime Development Opportunity - Unlock the potential of this ideally located vacant lot in the heart of Oroville! Situated on Nelson Avenue, a well-traveled thoroughfare with easy access to downtown, shopping centers, schools, and Highway 70, this spacious and level parcel offers an outstanding opportunity for investors, builders, or business owners. Whether you're looking to develop residential, commercial, or mixed-use, this lot delivers flexibility and visibility in a fast-growing area of Butte County. Utilities are nearby, and zoning supports a variety of uses - buyers are encouraged to verify with the City of Oroville for specific development possibilities. PROPERTY OVERVIEW Address: 82 Nelson Avenue, Oroville, CA 95965 Lot Size: 0.58 Zoning: R2m Flat, usable land with excellent street frontage Close proximity to schools, parks, and public transportation Less than 5 minutes to downtown Oroville and Highway 70 DEVELOPMENT POTENTIAL Suggested development of 12 units at 400 sq/ft each (see conceptual layout) Gross income potential of $172,080/yr ($14,340/mo) Estimated buildout cost of $1,800,000 (based on $150,000 per unit build cost estimate) Potential for additional, multilevel unit development at buyers discretion Don't miss your chance to invest in this versatile property with significant upside potential. Bring your vision to life in this well-positioned, high-visibility location!

Features