Lake Oroville Area, Ca "Prior Approved 2,400 Lot Oro Bay Subdivision"

Oroville, Ca. 421 ACRE IMPRESSIVE LAND TRACT! (Prior site of the large-scale ambitious 2,400 lot “Oro Bay Subdivision” and city limit annexation project proposal where the city approved “The Development Agreement” for this project October 5th, 2010; but has since expired). Comprising 2 adjacent parcels backing Oroville’s popular Thermalito Afterbay, a 4,300 surface acre water recreation area. This is the largest parcel of its size off Oroville’s main thoroughfare; (Oro Dam Blvd/State ROUTE 162) between Highway 70 & Highway 99. Oroville’s scenery is quickly changing with development. Nothing compares to this magnitude and size within close proximity to the city limits off SR162. This land tract sits 1,100+/- feet to the west of the Oroville City Limits, which is also the edge of the existing Linkside Place Subdivision. Table mountain Golf Course sits 2,100+/- feet to the east. There is an estimated 3,200 feet of lineal paved road frontage on SR162. Water line stops at the Linkside Place Subdivision. Power at street frontage. This is an impressive swath of land with an old dilapidated home sitting down a long drive once fed off the existing well. This would make an impressive custom ranch site. Fishing, Boating and Duck Hunting literally just south behind this land. Parcels are 162.36+/- and 258.84+/- acres. They aren’t making land anymore, and this is in the route of future development. Great property for that 1031, land bank buyer, individual with a strong business mindset and capabilities, or “conservationist.” Currently zoned RR5; as it was when approved prior. Priced at just over $28,500 per acre. Seller May Carry 50% of the note; inquire for details or submit for seller consideration. 70 Miles north of Sacramento at the base of the Sierra Nevadas. Chico, Ca is 23 miles north, the town of Oroville is 4 miles to the east. 150 miles to San Francisco. Plans for this prior subdivision submitted to City of Oroville prior to the 2008 market crash, final approval of the Development Agreement between the City of Oroville and Oro Bay Development was conditionally issued October 5th, 2010 following the market collapse which expired since. Can release prior development documentation, tentative prelims, etc. to individuals following verification of buyers purchasing ability.