2500 and 2600 Mitchell Avenue Oroville, CA 95966

$199,500 Active

About the Property

Are you looking for a profitable investment opportunity? Look no further! Located within the city limits of Oroville, these two flat, level parcels totalling about 1.67 acres located on the corner of the signalized intersection of Mitchell and Washington Avenue could be your ticket! The two parcels are zoned MXC (Corridor Mixed Use), have two beautiful Oak trees on it and can be developed to meet a variety of uses including multi-family residential, medical offices, senior housing, retail, restaurant and/or office. The seller has plans for a gated 28-unit luxury apartment complex, however current code may allow for up to 30 units/acre and a 60’ maximum height (buyer to verify). This desirable property is just off the main commercial corridor in Oroville (CA State Highway 162) surrounded by restaurants, medical buildings, pharmacy, grocery store, middle and high schools and down the street from Oroville Hospital. Dave’s Landing is next door and there is a sports club on the corner. These parcels provide convenient access for future residents/customers with access from either Mitchell or Washington Avenue. Sidewalks, curbs and gutters are in and city utilities are available in the street. It’s time to put your dreams into action!

Property Information

Lot Size 1.67 Acres
Property Type Land/Lot
Zoning R2
Listing Number SN20153386
Listed 9/20/2020
Modified 9/20/2020
Listing Agent Alisha Simpkins
Listing Office Keller Williams Realty Chico Area

Property Features

Land Lease
  • No
Water Source
  • See Remarks
Community
  • Curbs
  • Gutters
  • Sidewalks
Lot Features
  • 31-35 Units/Acre
  • Lot Over 40000 Sqft
  • Near Public Transit
Utilities
  • Electricity Available
  • Sewer Available
  • Water Available