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
|Lot Size||171 Acres|
|Listing Agent||Kelly Lotti|
|Listing Office||Century 21 Select Real Estate, Inc.|
Listed by Kelly Lotti and Candace Andel of Century 21 Select Real Estate, Inc.. Listing data last updated 5/26/2020 at 3:47 AM PDT.
Based on information from California Regional Multiple Listing Service, Inc. as of 2/27/2020 8:38 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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