Peninsula: http://map.projectzomboid.com/?#0.7038052929657539,0.11441288151636433,58.400516811004145
Close to downtown for loot runs, even better if you'll build the bridge across the river.
Plenty of wood, protected by water from three sides, easy to wall-off, got wilderness for trapping.
This is from my latest save: http://steamcommunity.com/sharedfiles/filedetails/?id=741705413