List Search

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

$2,750,000 USD

Land For Sale  •  100 AC

Property Details

  • Property Type Land
  • Lot Size 100 AC
  • Zoning AG
0 Transit Score
0 Walk Score

Description

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.

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

Property Flyers

Kory Hamman 530-228-1940 Hamman Real Estate
Kory Hamman 530-228-1940 Hamman Real Estate