Cottonwood Road @ Hwy 99 & Hwy 70 - Agricultural LAND FOR SALE


Oroville, CA 95965 4,356,000 SF
$2,750,000 USD
530-228-1940
Cottonwood Road @ Hwy 99 & Hwy 70, Oroville, CA for Sale
$2,750,000 USD
Agricultural LAND - FOR SALE
1/10
4,356,000 SF

Cottonwood Road @ Hwy 99 & Hwy 70
Oroville, CA 95965


HIGHLIGHTS

  • Profitable Olive Oil Vineyard with good Contract
  • Awesome building site just 5 miles South of Chico
  • Option Contracts for Solar projects for HUGE earnings potential

OVERVIEW

OVERVIEW: 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 with 25 psi on 3' centers. Laser leveled and terraced for draining. PROFITABLE: Has a great Supplier Contract. As an example, a well-managed olive orchard can produce on average 5 tons/acre and each ton can produce 40 gallons of olive oil. Right now the market is around $20/gallon. That amounts to a gross profit of $4,000/acre. The cost per acre variables average around $1,675/acre leaving a net profit of nearly $2,325/acre. (Financials available upon request.) BONUS: Being within 1 mile of the large PG&E substation creates another big benefit. We are constantly approached by Solar companies to establish a solar farm in which they would pay $3,750-$5,000/acre per year net. So $375,000 - $500,000 net per year. If 100% leased out, this would make the property 13.36 Cap Rate to 18.12 Cap Rate. 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. Rarely do you find Agricultural investment that makes a terrific income with the potential for an incredible amount more. Don't let this one get away!!! VIDEO: Visit http: https://www.youtube.com/watch?v=1zkITa7tp-0 for drone videos.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/ACRE

$27,500/AC

PRICE/SF

$0.63 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Super High Density Vineyard for Olive Oil

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Agricultural

LAND PROPOSED USE

Winery/Vineyard, Agricultural

LAND ACRES

100 AC

LAND SF

4,356,000 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Irrigation

ZONING

AG

APN/PARCEL ID

041-230-005

ASK ABOUT THIS PROPERTY

Kory HammanHamman Real EstateMore Info
530-228-1940

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Kory HammanHamman Real EstateMore Info
530-228-1940

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.