|Price/Rent PSF||$ 275,000.00|
Grass Valley is nestled in the Sierra Nevada foothills only one hour from both Lake Tahoe and Sacramento. The Nevada County economy has effectively transformed from mining & forestry to vibrant high-tech and tourist based industries. This area continues to attract residents and businesses from the nearby Sacramento and San Francisco Bay areas. The subject properties lie contiguous to the 452 acre Loma Rica Ranch Special Development Area, which is planned for 100 acres of new housing, 57 acres of recreation uses, hotel/conference center, retail center and business park. Once annexed, Loma Rica development should dramatically increase property values in the area.
The property consists of two parcels: 1) 11150 Idaho Maryland Rd (APN 35-412-24), a +-3.15 acre prime corner parcel that will be a prime gateway to the planned 452 acre Loma Rica Ranch mixed use development. This parcel is zoned M-1 (Lt. Indust.) with a Gen. Plan land use designation of SDA (Special Dev. Area); and 2) 1207 Idaho Maryland Rd (APN 09-680-23), a +-1.19 acre steep upslope property with superb views of the Loma Rica Ranch area, located in the Whispering Pines Business Pk (directly across from parcel 1), and zoned SP1A (corporate office/R&D district). Both properties are included in the list price. A superb, passive land play - buy, hold and profit from increasing values as Loma Rica Ranch builds out.