Keegan Cin | Realtor® | License # DRE 01971604

Property

Unincorporated, CA 95965 0 Cottonwood Road

0 Cottonwood Road Unincorporated, CA - Image 10 Cottonwood Road Unincorporated, CA - Image 20 Cottonwood Road Unincorporated, CA - Image 3
5 more
0 Cottonwood Road Unincorporated, CA - Image 40 Cottonwood Road Unincorporated, CA - Image 50 Cottonwood Road Unincorporated, CA - Image 60 Cottonwood Road Unincorporated, CA - Image 70 Cottonwood Road Unincorporated, CA - Image 80 Cottonwood Road Unincorporated, CA - Image 9
Presented By: Kory Hamman with Hamman Real Estate;
  • MLS# SN23175382
  • 09/19/2023
  • Request Tour
  • Request Info

Home Details

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.
Presented By: Kory Hamman with Hamman Real Estate;

Interior Features for 0 Cottonwood Road

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 0 Cottonwood Road

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityUnincorporated
Community FeaturesValley
CountyButte
DirectionsHwy 99 Cottonwood Rd.
Electric On Property Y/NNo
Garage Y/NNo
HOAYes
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031, Trade
Lot Size Square Feet4356000.0
Lot Size UnitsAcres
MobileHomeRemainsYNNo
New ConstructionNo
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NNo
Senior Community Y/NNo
SewerNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesElectricityAvailable, WaterAvailable, SewerNotAvailable
ViewPanoramic, Pond, Valley, Vineyard
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
ZoningU

Exterior for 0 Cottonwood Road

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesAgricultural, Orchards
Lot Size Acres100.0
Lot Size Area100.0
Lot Size SourceAssessor
Open Parking Y/NNo
Private PoolNo
Road Frontage TypeCountryRoad
Road Surface TypePaved
SpaNo
Water SourceAgriculturalWell, Well

Additional Details

Price History

Justin Hughey

Price $2,950,000
MLS#SN23175382
List Date 09/19/2023
Property Type Land
Request Tour
Request Info

Similar Properties to 0 Cottonwood Road

Skip to content