106 Melvin Lane, Arcata, CA 95521

$5,000,000
List Price
$5,000,000
MLS#
251284
Acres
0.25

Property Description

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.

Additional Information

Water Sewer
Pub Sewer on Site, Pub Water on Site

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