3570 Olive, Oroville, California 95966, Oroville, 95966 - 3 bed, 2 bath
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Oroville, California 95966
This Versatile Commercial-Zoned Acreage is listed at $385,000, reflecting a stable valuation relative to its $369,937 Fair Market Value. The property serves as a unique Value-Add Asset comprising a 3-acre lot with Highway Commercial Zoning, a large metal shop, and scenic Hills and Wooded Views. Although the 1957 residence has a Condition Rating of 4 and requires modernization, the high-visibility frontage and mature palm trees provide diverse development opportunities. Situated near Lake Oroville within the Oroville Union High School District, this is a strategic acquisition for Owner-Operators or Commercial Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3570 Olive Subject | $385,000* List Price | 3 | 2 | 1,064 | $348 | - |
A 2831 Foothill Active | $365,000 List Price | 2 | 1 | 1,316 | $277 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1957, the home is well-maintained but shows significant signs of age with outdated styles. The kitchen features older wood cabinetry and white appliances, and the bathrooms and flooring reflect a mid-century aesthetic that has not undergone a recent comprehensive renovation. While the vaulted ceilings and large windows are positive features, the property requires cosmetic and likely system updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 135036, living area = 1064.
Zoned Highway Commercial on a 3-acre lot, this property offers rare flexibility for business operations, future development, or potential income from the existing mature palm trees.
The property includes a large metal shop on level ground and a paved entrance off Olive Highway, fully supported by public water, natural gas, and electricity.
Built in 1957, the 1,064-square-foot home may require significant modernization or updates to meet contemporary standards and energy efficiency.
The property's location directly on Olive Highway may result in elevated traffic noise, potentially impacting the peace and privacy of the residential living areas.
This is a wonderful and rare opportunity to own a unique 3-acre property, zoned Highway Commercial which fronts Olive Hwy., featuring a 3-bedroom, 2-bath home and a large metal shop. Formerly known as Kampong Gardens Nursery, this exceptional parcel offers numerous mature palm trees that may provide potential income opportunities. Utilities are in place, including public water provided by South Feather Water and Power, along with natural gas and electricity provided by PG&E. The home includes additional square footage adjacent to the attached carport, offering a second bathroom, laundry room, and a spacious bonus room. Inside, the home features vaulted ceilings throughout and large windows that fill the space with natural light while showcasing scenic outdoor views. A substantial portion of the land is level, particularly around the metal shop, making it ideal for business operations, storage, or future development. The paved entrance off Olive Highway provides easy and convenient access. Whether you’re looking to build a custom home, operate a business, or enjoy a versatile investment property, this location offers the best of both worlds—peaceful country living just minutes from downtown Oroville with access to medical services, restaurants, and shopping. Lake Oroville is only a few miles away, offering endless recreational opportunities. Don’t miss this rare opportunity to own a truly special and versatile property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,064 | 1,500 | 21% |
| Lot Size | 135,036 | 17,206 | 77% |
| Price | $385.0K | $325.0K | 66% |
| Price per sq ft | $362 | $218 | 97% |
| Built year | 1957 | 1974 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 126 | 180 | 31% |
Mar 19, 2026
$385,000
$395,000
-3% Price Drop
Initial Listing
Dec 17, 2025
$395,000
Initial Listing
Apr 11, 2007
$100,000
Public Record