Active
0 Cottonwood Road
Oroville CA, 95965
$2,950,000
$0.68 per sqft
Active
100 Acres
Land
This gorgeous 100 acre parcel consists of 80+/- acres of Super High Density Planting (HDP) Olive vineyard centrally located on Cottonwood Road between Hwy 99 & Hwy 70 in the middle of Butte County. The planting is on 13-foot by 5-foot spacing resulting in 670 trees per acre with the support of a trellis system. Owners strategically planned and developed this unique showpiece to make it one of a kind. WATER: Tremendous water with a 50HP Pump producing 2,500 gallons/minute provides irrigation through emitters on drip-line. Laser leveled and terraced for draining. PROFITABLE: Has a great Supplier Contract. BONUS: Being within 1 mile of the large PG&E substation creates another big benefit. Currently there is one Solar Option Contract with a National Energy provider that once exercised will pay $3,750/acre per year for 50 acres ($187,500/year) with a 2% annual escalator for a minimum of 22 years with options to extend up to 34 years nine months. -Cont.
223091316
MLSⓇ ID
September 19, 2023
Listed
October 1, 2024
Updated
Map
0 Cottonwood Road
Oroville CA, 95965
Exterior/Building Features
Lot Size
100 Acres
School Information
School District
Thermalito Union
Other Property Details
Area Name
12568
Garage
No
View
No
County
Butte
Water Source
Private, Well
Pool
No
Waterfront
Yes
Zoning
Agricultural,Orchard,Agricultural/Residential,Research & Development,Farm/Ranch,Horses Allowed,Rezone Possible,Split Possible,Kennels Possible,Livestock,Tree Farm,Mixed,Vineyard,Nursery
Courtesy of Hamman Real Estate, Kory Hamman,
Listing Contact:
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