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E Main St - 10+ Ac Multi-family Site-Unsupassed Location

10.75 Acres of Commercial Land Offered at $2,090,768 CAD in Grass Valley, CA 95945

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Investment Highlights

10.75 acres in two adjoining parcels - divisible
Rare infill adjoining City lots with pastoral feel
Walk to cafes, shopping, hospital, college & country club

Combination R-3 high density zoning with additional R-1
Centered between two major arterials providing superior access

Executive Summary

PRICE REDUCED! A 10.75 acre multi-family infill development site with unparalleled attributes including: I) Accessibility - over 1000' of E Main frontage only 1/3 mile from Highway 49 between two major intersections; II) Location - walking distance to restaurants, shopping, medical, Sierra College, hospital, country club; III) Physical - gentle upslope topography with coveted southern exposure and views - divisible; and IV) Regulatory - multi-family & single-family residential zoning in conformance with the City's General Plan. Former conceptual plans through City for 160 unit senior apartments, 5600sf community/senior center, 15 single family residential lots and an extension of Joerschke Dr into the property. All utilities on site. Site may be expanded to almost 15 acres with an adjacent +-4 ac R-3 parcel available separately for $849k.

Property Facts

Price	$2,090,768 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Hold For Development Hold For Investment Single Family Development
No. Lots	1	Total Lot Size	10.75 AC
Property Type	Land

Price	$2,090,768 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Hold For Development Hold For Investment Single Family Development
Total Lot Size	10.75 AC

1 Lot Available

Lot

Price	$2,090,768 CAD	Lot Size	10.75 AC
Price Per AC	$194,490 CAD

Price	$2,090,768 CAD
Price Per AC	$194,490 CAD
Lot Size	10.75 AC

10.75 acres in two adjoining parcels. Combination R-3 high density zoning with additional R-1. Rare infill adjoining City lots with pastoral feel. Centered between two major arterials providing superior access.

Description

A 10.75 acre multi-family infill development site with unparalleled attributes including: I) Accessibility - over 1000' of E Main frontage only 1/3 mile from Highway 49 between two major intersections; II) Location - walking distance to restaurants, shopping, medical, Sierra College, hospital, country club; III) Physical - gentle upslope topography with coveted southern exposure and views - divisible; and IV) Regulatory - multi-family & single-family residential zoning in conformance with the City's General Plan. Former conceptual plans through City for 160 unit senior apartments, 5600sf community/senior center, 15 single family residential lots and an extension of Joerschke Dr into the property. All utilities to site. Site may be expanded to almost 15 acres with an adjacent +-4 ac R-3 parcel available separately for $849k.

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