5.12 Acres (+ Utilities) in Opportunity Zone | 0 Feather River Blvd
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5.12 Acres (+ Utilities) in Opportunity Zone 0 Feather River Blvd
5.12 Acres of Commercial Land Online Auction Sale Oroville, CA 95965
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Investment Highlights
- 0 Feather River Boulevard is a 5.12-acre commercial development opportunity with high visibility of the premiere section of Highway 70.
- As a former grocery store site, all on-site utilities for the ±50,000-SF pad are believed to be in place.
- The parcel is ideally located among many national retailers in Oroville’s busy retail corridor, such as Goodwill, Chipotle, and Starbucks.
- There is abundant parking for common uses surrounding the site and excellent access and visibility.
Executive Summary
Welcome to Oroville’s latest premier development offering of 5.12 acres off Highway 70 at 0 Feather River Boulevard in the city's Opportunity Zone. Highway 70 is a heavily trafficked corridor with an average of 29,657 daily vehicles passing. This parcel is a former grocery store (the building has been demolished), and has an approximate 50,000-square-foot pad with utilities believed to be in place. The overall site benefits from the abundant recent development, including the new Hampton Inn & Suites, Dutch Bros, Surf Thru, Maverick (adjacent), and much more.
Oro Dam Boulevard is the primary gateway to the Oroville Regional Retail Center and community. Major retailers lining this primary arterial road include Walmart Supercenter, Starbucks, Panda Express, Chipotle, Verizon, Mattress Firm, Ross Stores, McDonald's, Harbor Freight, Goodwill, Tractor Supply, CVS, Applebee’s, and many more. Hospitality assets such as Holiday Inn Express and Hampton Inn & Suites are also located nearby. Oroville is renowned for its outstanding outdoor recreational opportunities and easy, central location and access to travel corridors and other communities. An average of 1 million Lake Oroville State Recreation Area visitors pass this site annually. With acres of parklands, waterways, and wildlife refuges, Oroville is rich with recreation opportunities, some of which surround the property. The Lake Oroville State Recreation Area offers miles of shoreline to explore and wooded acres for camping, hiking, and equestrian riding.
A recent survey of Oroville residents indicated that the local economy is prime for new retail businesses with significant leakage to nearby regional shopping centers. It is an excellent time for new retailers to join this scenic, well-established community. Each year, the 10-mile radius surrounding the subject site sees more than $589.7 million generated back into the local economy via consumer spending. The area’s average household income is about $76,500, and the median home value is $292,368.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Oro Dam Boulevard is the primary gateway to the Oroville Regional Retail Center and community. Major retailers lining this primary arterial road include Walmart Supercenter, Starbucks, Panda Express, Chipotle, Verizon, Mattress Firm, Ross Stores, McDonald's, Harbor Freight, Goodwill, Tractor Supply, CVS, Applebee’s, and many more. Hospitality assets such as Holiday Inn Express and Hampton Inn & Suites are also located nearby. Oroville is renowned for its outstanding outdoor recreational opportunities and easy, central location and access to travel corridors and other communities. An average of 1 million Lake Oroville State Recreation Area visitors pass this site annually. With acres of parklands, waterways, and wildlife refuges, Oroville is rich with recreation opportunities, some of which surround the property. The Lake Oroville State Recreation Area offers miles of shoreline to explore and wooded acres for camping, hiking, and equestrian riding.
A recent survey of Oroville residents indicated that the local economy is prime for new retail businesses with significant leakage to nearby regional shopping centers. It is an excellent time for new retailers to join this scenic, well-established community. Each year, the 10-mile radius surrounding the subject site sees more than $589.7 million generated back into the local economy via consumer spending. The area’s average household income is about $76,500, and the median home value is $292,368.
Property tours are available by appointment only. Please get in touch with the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Property Information
Property Facts
| Property Type | Land | Total Lot Size | 5.12 AC |
| Property Subtype | Commercial | Opportunity Zone |
Yes
|
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 5.12 AC |
| Opportunity Zone |
Yes |
| Sale Conditions | Auction Sale |
1 Lot Available
Lot
| Lot Size | 5.12 AC |
| Lot Size | 5.12 AC |
Welcome to Oroville’s latest premier development offering of 5.12 acres off Highway 70 at 0 Feather River Boulevard.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $229,665 | |
| Land Assessment | $1,600,005 | Total Assessment | $1,829,670 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,600,005
Improvements Assessment
$229,665
Total Assessment
$1,829,670
zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
Sale Advisor
Sale Advisor
Arwen Funk, Vice President
(530) 893-1909
Contact
Arwen has over twenty years of results-oriented experience in the marketing and sales of commercial real estate investment properties and residences in the San Francisco Bay Area. Prior to joining Tracy Realty Co., Arwen managed and executed the marketing and sale campaigns for over 50 investment listings with a combined value of over $1.5 billion. Her experience in working with “Wall Street Capital” and understanding the needs of these institutional investors allows her to bring a unique perspective to her commercial clients. This financial background also allows Arwen to work with her residential clients in a unique manner ~ focusing on the purchase or sale of a home within the scope of their lifestyle and ambition rather than on simply a cash flow basis. Arwen’s extensive transaction expertise in investment analysis, property due diligence and project management make her an invaluable resource to her clients. In close collaboration with Bud Tracy, President of the company, Arwen operates out of the town of Chico. Her knowledge of the San Francisco Bay Area allows Tracy Realty Co. professionals to service clients in the San Francisco Bay Area as well as to give its North Valley clients access to likely properties, buyers and tenants outside of their immediate surroundings. Arwen is a third generation member of the Tracy family business and is proud to continue this family’s legacy of service.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Amen Almukhtar
Contact
Auctioneer License:
Ten-X Jessica Figueroa RE Brkr 01937601. Ten-X Auction Surety Bond 106465786
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PHOTOS
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MAP
Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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5.12 Acres (+ Utilities) in Opportunity Zone | 0 Feather River Blvd
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5.12 Acres (+ Utilities) in Opportunity Zone | 0 Feather River Blvd
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