|Price/Rent PSF||$ 1,075,000.00|
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 is located at the southwestern end of Nevada County, adjacent to Placer County, and midway between the Cities of Grass Valley and Auburn. It is located only 3/4 mile from Highway 49 on one of the last but most prominent signalized corners in the area and directly across from the exclusive 2000 home Lake of the Pines community.
A 7 acre mixed-use signalized corner parcel with Tentative Map approval for 28 residential condominiums, +-14K SF of prime retail and +-25K SF of office, located directly across from the highly desirable 2000 home Lake of the Pines community and only 3/4 mile from Highway 49, midway between the cities of Grass Valley and Auburn. While not yet approved, the County is open to increasing the residential units to 38, leaving +-30K SF of commercial space. Seller carryback financing possible.