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Rue Hilltop - Hilltop Master Planned Community

41.16 Acres of Commercial Land Offered at £7,850,550 in Truckee, CA 96161

Investment Highlights

  • Prime development land offering situated in the center of the highly regarded, historic Hilltop site
  • Last remaining undeveloped "Planned Community" in Truckee, CA
  • Hotel site
  • Perched directly above Truckee’s Commercial Row and the beautiful Truckee River.
  • 250+ multi-family units plus commercial center

Executive Summary

Prime development land offering situated in the center of the highly regarded, historic Hilltop site, perched directly above
Truckee’s Commercial Row and the beautiful Truckee River. The site offers a rich history, a superior location and a Town
approved masterplan for development on the site (multi-year process). Property is zoned “Downtown Master Plan” (DMP) with
a large portion dedicated to residential use, including a large multi-family complex in the middle of the village plus adjoining separate MFR & SFR residential neighborhoods further up the hill. The other segment is zoned Downtown Commercial with a large area of commercial development allowed, including the nearby Hilltop cabins, with possible bonus commercial footage. The Master Plan also includes an option for a 60 door hotel site. The Cottonwood building complex on 1.96 acres is not part of this offering. This is one of two master planned communities in Truckee, approved after years of town and public review. The other development is The Railyard project, now under construction.
Main Elements of Hilltop Masterplan (entire Masterplan document is attached)
The Hilltop Master Plan incorporates a mixed-use concept that is intended to create a walkable neighborhood/village within the Town of Truckee and sets forth the following:
1) Land use designation, building and intensity provisions, and development standards for each of the properties within the Hilltop Master Plan Area.
2) Design guidelines integrated to promote related design themes, pedestrian orientation, mixed-use residential/ commercial activities and infrastructure.
3) Common infrastructure improvements and associated design standards including offers of dedication and easement abandonments, where applicable.
4) Open space, trail networks and implementation programs for the Masterplan.
5) Environmental policies addressing greenhouse gas emissions, particulate matter emissions, protection of wetlands and open space, and preservation of trees.

Property Facts

Price £7,850,550
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 41.16 AC
Cross Streets Old Brockway

1 Lot Available

Lot

Price £7,850,550
Price Per AC £190,733
Lot Size 41.16 AC

The property offered for sale consists of 41.16 acres of prime development land situated in the center of the highly regarded, historic Truckee Hilltop site. Perched directly above Truckee’s Commercial Row and the ever-flowing Truckee River.

Description

Prime development land offering situated in the center of the highly regarded, historic Hilltop site, perched directly above Truckee’s Commercial Row and the beautiful Truckee River. The site offers a rich history, a superior location and a Town approved masterplan for development on the site (multi-year process). Property is zoned “Downtown Master Plan” (DMP) with a large portion dedicated to residential use, including a large multi-family complex in the middle of the village plus adjoining separate MFR & SFR residential neighborhoods further up the hill. The other segment is zoned Downtown Commercial with a large area of commercial development allowed, including the nearby Hilltop cabins, with possible bonus commercial footage. The land also includes a 60 door hotel site. Be advised that the Cottonwood building complex on 1.96 acres is not part of this offering. This is one of two master planned communities in Truckee, approved after years of town and public review. The other development is The Railyard project, now under construction.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
019-300-084-000
Land Assessment
£69,441
Improvements Assessment
£0
Total Assessment
£69,441

zoning

Zoning Code DMP (Downtown Master Plan)
DMP (Downtown Master Plan)
  • Listing ID: 30294020

  • Date on Market: 06/12/2023

  • Last Updated:

  • Address: Rue Hilltop, Truckee, CA 96161

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