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- LoopNet Team
450 - 500 Bennett St
Grass Valley, CA 95945
The Pines of Grass Valley · Land For Sale · 5.61 AC
Investment Highlights
- Rate opportunity to acquire the only approved Apartment or Condominium development site in Grass Valley's pipeline
- A new Gold Rush could be coming with the potential reopening of the Idaho Maryland Mine in Grass Valley
- Located within an hour to the amenity rich cities of Truckee and South Lake Tahoe
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.61 AC |
| Property Subtype | Residential |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.61 AC |
Description
The Sacramento Multifamily Advisory Team is seeking a qualified developer to acquire this +/-5.61 acre development site, spread over three parcels, that has been pre-approved for an upscale 108 unit multifamily complex. The resort-style project design is for build-to-rent apartment homes or condominium specifications. The Grass Valley Planning Commission initially approved the project on November 17, 2020 and extended the project approval for an additional two years with the expiry now November 17, 2024. The Pines of Grass Valley is the only approved multifamily development project in the City's pipeline, making it a rare opportunity to provide much needed housing to the City of Grass Valley.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $823,512 | Total Assessment | $823,512 |
PROPERTY TAXES
zoning
| Zoning Code | NG-3/PD (Urban High Density) |
| NG-3/PD (Urban High Density) |
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