0 Cottonwood Road, Unincorporated, CA 95965 (MLS # SN23175382)
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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: Strategically located in its close proximity to the major PG&E Substation makes this property perfect for Energy Contracts. Currently there is a Solar Option Contract with a National Energy provider (New Leaf Energy) to use 4-acres of the property and convert it into Large Scale Battery Storage. Once exercised, it will pay $15,000/acre per year ($60,000/year) with a 1.5% annual escalator for a minimum of 15 years with options to extend the lease (3) additional times for successive periods of 5 years each. DOUBLE BONUS: Sellers just received another contract from a different solar company for $3,500 per acre NET with yearly escalators for 50 more acres. If the battery storage contract at $15k/acre for 4 acres goes through, and this one at $3,500/acre then the net would start at $225,000. That plus the Net Income coming from the remaining Olive Vineyard of roughly $100,000 for a net income of around $325,000 which would make it a 9.55% CAP Rate to start with, and would be going up yearly. 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 purposes. Rarely do you find Agricultural investment that makes a terrific income!!!
| DAYS ON MARKET | 7 | LAST UPDATED | 9/19/2023 |
|---|---|---|---|
| COUNTY | Butte | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| ADDITIONAL DETAILS | |
| BUYER'S BROKERAGE COMPENSATION | 2.000 % |
|---|---|
| LOT | 100 acre(s) |
| LOT DESCRIPTION | Agricultural, Orchard(s) |
| SEWER | None |
| UTILITIES | Electricity Available,Water Available,Sewer Not Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Panoramic,Pond,Valley,Vineyard |
| WATER | Agricultural Well,Well |
| ZONING | U |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/25/23 5:10 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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