CA > Unincorporated
Unincorporated, CA 95965,0 Cottonwood RD
Unincorporated, CA 95965,0 Cottonwood RD
Unincorporated, CA 95965,0 Cottonwood RD
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,950,000
Est. payment /mo
100 Acres Lot
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UPDATED:

09/30/2024 06:46 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SN23175382

HOA Y/N Yes

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.

Also note, we are currently being courted by multiple other solar companies for the remaining 50 acres with the price/terms yet to be committed. This energy contract would GREATLY increase the net income!!! CAP rate would be 9.1% with the one contract and farming 50+/- acres of olives remaining or 12.71% CAP rate if (2) option contracts are exercised at $3,750/acre for 100 acres total. 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.

Location

State CA

County Butte

Zoning U

Interior

Fireplace No

Exterior

Community Features Valley

Utilities Available Electricity Available, Water Available, Sewer Not Available

View Y/N Yes

View Panoramic, Pond, Valley, Vineyard

Building

Lot Description Agricultural, Orchard(s)

Sewer None

Water Agricultural Well, Well

New Construction No

Others

Senior Community No

Tax ID 041230005000

Acceptable Financing Cash, Conventional, 1031 Exchange, Trade

Listing Terms Cash, Conventional, 1031 Exchange, Trade

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Kory Hamman • Hamman Real Estate

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