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Oroville,CA 95965
Key Details
Property Type Vacant Land
Sub Type Agriculture
Listing Status Active
Purchase Type For Sale
MLS Listing ID 223091316
Lot Size 100.000 Acres
Property 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. -Cont.
Location
State CA
County Butte
Area 12568
Zoning AG
Exterior
Fence Barbed Wire
Utilities Available See Remarks
View Orchard,Panoramic,Vineyard
Building
Lot Description Building Pad,Pond Year Round
Sewer None
Water Agricultural Well,Private Well
Schools
Elementary Schools Thermalito Union
Middle Schools Thermalito Union
High Schools Oroville Union
School District Butte
Others
Special Listing Condition None