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1400-1600 Main St - ±15 Ac Multi-Family Site-Unsurpassed Location

14.68 Acres of Residential Land Offered at $2,150,000 in Grass Valley, CA 95945

Investment Highlights

  • +-15 acres in three 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 +-15 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.

Property Facts

Price $2,150,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 14.68 AC

1 Lot Available

Lot

Price $2,150,000
Price Per AC $146,458
Lot Size 14.68 AC

A +-15 acre multi-family infill development site with unparalleled attributes.

Description

PRICE REDUCED! A +-15 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.

zoning

Zoning Code R1 & R3
R1 & R3
  • Listing ID: 22012106

  • Date on Market: 1/19/2021

  • Last Updated:

  • Address: 1400-1600 Main St, Grass Valley, CA 95945

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