$15,000,000
MLS #: SN19140241
Lots and Land
171 Acres

Description of 0 Forbestown Road, Oroville, CA 95966

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

Property Features of 0 Forbestown Road, Oroville, CA 95966

Features
Lot acreage is: 171.0000
Lot has lake view
Lot has mountain view
Lot has valley view
Lot zoned: FR10
Total square feet: 7448760.00
Courtesy of: Century 21 Select Real Estate, Inc., Kelly Lotti

Office License: 01912741
Agent License: 01112413
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Last Updated: 9/18/2019