Land Property for Sale in Oroville, CA
5318 Olive Highway
5318 Olive Hwy, Oroville, CA 95966, Butte County
Price
$3,000,000
Listing Information
- Listing Type Land
- Sub-Type Vacant Land
- Acres 6.28
- Total SF 273,556
- Water No
- Power Yes
- Sewer No
Property Information
- Property Type Land
- Parcel # 072-050-033-000
- Zoning MU-3
--APNs: 072-050-034-000 = ±2.88 acres, & 072-050-035-000 = ±3.40 acres Zoning MU-3 & PUD -Water Located near the intersection of Hwy 162 and Miners Ranch Road -Sewer Located near the intersection of Hwy 162 and Miners Ranch Road -Power Poles located onsite The Subject Parcels are designated in the General Plan as MU (Mixed-Use) which supports a mixture of residential and commercial land uses. MU zoning allows for up to 15-20 residential units per acre; in addition to retail, restaurants, personal services and offices which may also be supported under the PUD zone. The Subject Parcels are strategically located in the path of progress and only one-off the major intersection of Olive Highway (162) and the intersections of Kelly Ridge Road and Miners Ranch Road. In addition to multifamily development the parcels offer strong potential for commercial or mixed-use repositioning, subject to Butte County review and approvals.