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0 Cottonwood Road Oroville, CA 95965

$2,950,000

0 Cottonwood Road Oroville, CA 95965
Butte County

Land Size: 100 Acres
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.

Property Highlights

  • MLS Area: 12568
  • Is a Horse Property: Yes
  • Lot Size in Sq. Ft.: 4,356,000
  • School District: Butte
  • Property Subtype: Agriculture
  • APN: 041-230-005
  • Status: Active

Listing Courtesy of: Hamman Real Estate
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Contact

Ed Perry

DRE #0208358
Mobile Phone: (916) 517-9969

Ed Perry, Real Estate Agent

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