This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
10324 Combie Road
Grass Valley, CA 95949
Prime Multi-Family Development Opportunity · Land For Sale · 7.18 AC
Investment Highlights
- Perfectly positioned residential development opportunity with current income.
- All utilities undergrounded and to site.
- Successful 79 unit development next door proves viability of location and market.
- R2 zoning permitting 6 dwelling units / acre, equating to 43 units.
- Less than a half mile to Hwy 49, and under one mile to highly rated primary schools including Bear River.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 7.18 AC |
| Property Subtype | Commercial |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 7.18 AC |
Description
An outstanding residential development opportunity in a blazing hot market, this offering consists of two adjoining parcels totaling 7.18 acres zoned R2 (Multi-family Medium Density) allowing up to 6 dwelling units per acre. Located less than 1/2 mile from Highway 49 midway between Auburn and Grass Valley and near Lake of the Pines and the outstanding South County schools of Bear River, Magnolia and Cottage Hill. Adjacent to the recently developed 79-home Cascade Crossing subdivision that is seeing rapidly escalating values and multiple over-ask bids on resales. The property has a gentle upslope topography with desirable southern exposure. Underground sewer, water and power in place at front of property. Potential rental income of $3600/mo post-closing while obtaining entitlements! This is a developer's dream site!
zoning
| Zoning Code | SR-SC-SP |
| SR-SC-SP |
