Description for
0 Cottonwood RoadOroville, CA 95965
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.Also note, we are currently being courted by multiple other solar companies for the remaining 50 acres with the price/terms yet to be committed. This energy contract would GREATLY increase the net income!!! CAP rate would be 9.1% with the one contract and farming 50+/- acres of olives remaining or 12.71% CAP rate if (2) option contracts are exercised at $3,750/acre for 100 acres total. QUALITY: This vineyard was developed from the ground up to be a high quality & high yielding producer. Winning Gold Medals in the Los Angeles International Olive Oil Competition and Mid-State Fair in Paso Robles. BUILDING SITE: The property was designed as a showplace with a 3-acre pond wrapping around a acre building pad. Build your dream home or your own tasting room with a fantastic view of the Sutter Buttes. Borders Dove Ridge (2,400 acre Conservation Bank to the North) which will never be developed as well as PG&E land to the East which will also ensure that you have no neighbors building on top of you. Owners are only selling for Estate Planning.
Price
$2,950,000
Butte
SN23175382
Active
Description
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.Also note, we are currently being courted by multiple other solar companies for the remaining 50 acres with the price/terms yet to be committed. This energy contract would GREATLY increase the net income!!! CAP rate would be 9.1% with the one contract and farming 50+/- acres of olives remaining or 12.71% CAP rate if (2) option contracts are exercised at $3,750/acre for 100 acres total. QUALITY: This vineyard was developed from the ground up to be a high quality & high yielding producer. Winning Gold Medals in the Los Angeles International Olive Oil Competition and Mid-State Fair in Paso Robles. BUILDING SITE: The property was designed as a showplace with a 3-acre pond wrapping around a acre building pad. Build your dream home or your own tasting room with a fantastic view of the Sutter Buttes. Borders Dove Ridge (2,400 acre Conservation Bank to the North) which will never be developed as well as PG&E land to the East which will also ensure that you have no neighbors building on top of you. Owners are only selling for Estate Planning.
Listing Information
Property Type: Land, Other
100 Acres
Assessor
Agricultural Well,Well
None
Electricity Available,Water Available,Sewer Not Available
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Panoramic, Valley, Vineyard, Pond
U
Agricultural,Orchard(s)
Driving Directions
Hwy 99 Cottonwood Rd.
Financial Considerations
041230005000
Cash,Conventional,1031 Exchange,Trade
Listing Price History
Oroville Real Estate
Oroville is located in California.
Oroville, California 95965 has a population of 18,315.
The median household income in Oroville, California 95965 is
$38,005.
The median household income for the surrounding county is $56,221
compared to the national median of $66,222.
The median age of people living in Oroville 95965 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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No information is available for recently sold properties within this search.