106 Melvin Ln Arcata, CA 95521-9660

For Sale $5,000,000
Home Bay Refund $75,000

2.07 acre lot

6 adjacent lots 4 Bay front! It was the first development on the Penninsula in the 1849 gold rush! They built 5 casinos ,and a 300ft commercial dock ,to dock the paddle boat! (photos included ) 320 ft of frontage! Then in the early 1950es Bay Shore acers was built as a mill town housing development, these lots are the prime ones! The day for man took one and drilled a 150ft well ,he hit gas,and tryed to burn it off for 6 months with no reduction in its 6ft high flame,so he capped it and hooked it up to his house,it blew up 2 days later! The mill owner commissioned an illegal syzmigrafic study and discovered a massive oil reserve of 351.5 million barrels of fish oil( light sweet crude) this land is the only one over it!! So he ( A K Wilsom uzed mill scrapes to fill in the bay at the end of his mill land and then had access to it! He applied for a permit to extract it ,he was turned down ,since it was on illegal fill,then his mill burned down and he moved on! No one new it was there!!! But I meet the Arco employee that borrowed the equipment to do the study ,he said he would want to tell me something if I promest not to do anything about it for 10yrs ,that when he showed me the map! I ran Bay View rentals there for 20yrs ,now I'm ready to retire!!!! There are 17 addresses here now the land just needs to be cleared of the old house sits!

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Property details

Lot size: 2.07 acre lot

Type: Lot / Land
Topography: Slope Gentle
Fencing: Full

Parking spaces: Garage (0), Carport (0), Uncovered (0)

Age restrictions: None

Listing information

MLS #: 251284

Location

Neighborhood: Manila
County: Humboldt County

106 Melvin Ln, Arcata, CA 95521-9660

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