Auction
Auction5.12 Acres
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Feather River Boulevard, Oroville, CA 95965 - Butte County

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Property ID 22455236

Auction Information

5.12 Acres (+ Utilities) In Opportunity Zone
0 Feather River Boulevard, Oroville, CA
02/10/2025, 08:00 AM
Online Bidding SiteExternal Link

5.12 Acres (+ Utilities) in Opportunity Zone

Welcome to Orovilles 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, Applebees, 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 areas 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.

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Arwen Funk

Tracy Realty Co.