Land•Multifamily•For Sale

+-15 Acre Multi-family Site - Unsurpassed Location

E Main St - Three Parcels 14.68 Acres , Grass Valley, California 95945

Sale Price $2,250,000
Zoning R-3 and R-1
Land Area 14.68 Acres
Improvements Three contiguous parcels totaling 14.68 acres of gentle upslope property with coveted southern exposure and views, within walking distance to restaurants, shopping, medical, Sierra College, Sierra Nevada Memorial Hospital, Nevada County Country Club and more.
Land Use Multi-family development
Market Greater Sacramento Region
Sub-Market Grass Valley
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. Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe & Sacramento. Located below the snow line & above the fog for the perfect 4-season climate. Within 90 minutes of 4 major universities (UC Davis, CS Chico, CS Sacto & UN Reno) & 2 intl. airports (Sacto & Reno). Nevada County’s economy has effectively transitioned from mining/logging/construction to video tech, digital media & other high-tech industries, balanced by national-caliber arts & entertainment sectors. With superb schools & multiple national awards relating to unbeatable quality of life, the region continues to attract residents & businesses from nearby Sacramento & the Bay Area. The subject property fronts E. Main St, a primary arterial directly between two of the most popular Highway 49 intersections at Brunswick Rd and Dorsey Dr.
  • +-15 acres in three adjoining parcels - divisible
  • 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
  • Walk to cafes, shopping, hospital, college & country club
1/6/2020 11:59:27 PM 3/23/2020 8:02:46 PM
Lock Richards
President/Broker
Sperry Commercial Global Affiliates - Highland Commercial
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