DoorTru continues to highlight real estate news that matters, including what’s happening right in your backyard. If you’re not familiar with the City of Oroville, then we’re happy to bring you up to speed on this beautiful area. This piece will also highlight who’s investing in Lake Oroville, and two exciting new projects for the area.
Lake Oroville is located in Butte County and sits as the state’s second-largest reservoir. Created by the nation’s largest dam (the Oroville Dam) barring the Feather River, Lake Oroville is one of the premier recreational lakes in California. With over 1.4 million visitors annually, it’s world-class bass fishing, boating, and hiking have made it a gem of California.
Lake Oroville is also home to Feather Falls, the sixth tallest waterfall in the world. Sitting at over 660 feet, the falls attract visitor from across Northern California to see it’s incredible beauty.
Lake Oroville is also home to the Feather River Fish Hatchery, where every fall, thousands of Steelhead Trout and Salmon make their way for breeding.
Surrounding the lake is the City of Oroville, and with a greater population of over 55,000, it sits as the economic force behind Lake Oroville. In the City’s recent financial summary, Oroville has a reported taxable retail demand of over 831 million dollars.
The City of Oroville has streamlined its investment/development processes:
“The City creates a development-friendly environment by offering a preliminary meeting to developers free of charge, and a streamlined permitting process.”
They’ve also keep economics in mind, “The City has maintained very low commercial development fees compared to the City of Chico and the County. Though development fees are not the only consideration for developers looking to locate a project, significant fees can be a deterrent.”
Recently, a 172-acre lake view site called the Lake Oroville Village was fully-entitled for a hotel, 10,000 SF retail center, 76 condominiums, and over 112 single-family homes. This new development, along with the Whisper Ridge Golf Resort development project, illustrates the potential for Lake Oroville and the City.
We at DoorTru are ecstatic about the development of Lake Oroville, and we’re proud to present an incredible opportunity.
This 319 acres estate has incredible views of Lake Oroville. The property is split into three parcels (122.25, 40 & 157), giving the owner astonishing flexibility.
Whether you’re looking for an incredible ranch or to develop a large acre property, this hillside listing is a rare find. With its location on Lake Oroville, a beautiful and renowned recreation destination and the promising development of the Greater Oroville area, this land is a perfect opportunity for the right investor.