000 Unassigned

Description

Unique Land Opportunity with Development Potential This property, 1.05 acres, has a complex but intriguing history. Originally part of a recorded subdivision, several lots were condemned by the State of California for the development of Interstate 5. After construction, the state sold the lots back to the public. The current owner holds four assessor parcel numbers, though three of the parcels appear to have been combined by the state into a single APN for unknown reasons. Utilitiesincluding water, sewer, phone, and storm drainare available at the site. A previous owner initiated plans for a subdivision; however, due to the need for a costly expansion of the storm drain system (caused by increased runoff from proposed housing footprints), the project became economically unviable, reducing the land's value. Currently, it is believed that up to three homes could theoretically be built, though practically, two is a more realistic number. Country Oaks Road was constructed just far enough to provide access to existing homes, and although utilities were extended to the subject property, the pavement was not. The most viable access solution would involve securing an encroachment permit from the City of Redding to install a 3' x 5' precast concrete culvert across the drainage area. This could be a mutually beneficial improvement, as it would also provide winter maintenance access for City of Redding Electricpotentially streamlining the approval process. A stormwater retention basin will likely be required for any new development, even single-family homes. There is ample room on the site to accommodate this without compromising future building pads. Three potential access points exist: the most direct being the culvert at the end of Country Oaks Road, with two additional options involving access agreements with adjacent property owners. This property offers a compelling opportunity for someone looking to engage in a small-scale land development project without a major upfront investment. Alternatively, a lot line adjustment with neighboring owners could open the door for resale in smaller, more manageable pieces. Seller shared these views with/ listing agent from previous experiences., which should be independently verified by prospective buyers.