424 Unit Development Site Adjacent to City Limits

10780 E Bennett Road Grass Valley, CA 95945

10780 E Bennett Road, Grass Valley, CA, 95945
10780 E Bennett Road, Grass Valley, CA, 95945
FOR SALE
Property Type:
Multifamily Land
Amount:
$1,900,000
Last Verified:
Sep 29, 2020

Highlights

  • 54 acre site with capacity for up to 424 dwelling units.
  • Walking distance to stores and services.
  • Environmental due diligence completed.
  • Adjacent to City limits and city utilities.
  • +-8-acre light industrial park also possible.

Description

HUGE PRICE REDUCTION! An approximately 54 acre residential development site lying adjacent to Grass Valley city limits and directly in the path of development. County zoning is currently light industrial/business park, however the property lies in the City's "near term" Sphere of Influence with a General Plan designation of Urban Medium Density, allowing 4-8 dwelling units per acre, or a maximum of 424 units. Due to varied topography and environmentally sensitive areas, development will most likely be clustered and consist of single family detached & attached homes, duplexes, townhouses, condos & apartments. An +-8 acre light industrial component may be included as well near the eastern end of the property. The City has already funded a large environmental study on this property due to their interest in providing a well located site that may accommodate a sizeable addition of sorely needed housing. "Shown by Appointment Only".

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 property is located only one-half mile from historic Downtown Grass Valley and Highways 49 & 20, and just a few blocks from Colfax Highway 174. It is walking distance to stores and services along Colfax Highway.

Lot Size: 53.75 acres

Map of 10780 E Bennett Road, Grass Valley, CA, 95945

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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