For Sale
$1,900,000

3135 Penryn Rd Penryn, CA 95663

Prime Placer County commercial land near Costco.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 15.1-acre commercial land parcel presents a compelling investment opportunity in the rapidly growing Penryn, California market. Strategically located near Interstate 80 and Penryn Road, this property boasts unparalleled visibility and accessibility, situated just two exits north of the planned Costco development. The site includes two parcels, offering significant development potential. An existing 8-inch sewer line is already in place, with the bond fully paid, streamlining the development process. One parcel (APN 040) benefits from a Development Reserve (DR) designation and Penryn Parkway access, potentially unlocking additional building and development options beyond standard zoning allowances (RA-B-X 4.6). This high-growth area presents a unique chance to capitalize on the expanding infrastructure and increasing demand for commercial properties. The property's prime location, coupled with existing infrastructure and advantageous zoning, makes it an ideal site for a variety of commercial ventures. The APN for the combined parcels is 043-072-037-000/040. The asking price for this exceptional development opportunity is $1,900,000. This is a rare chance to acquire a substantial land holding in a thriving California market poised for significant future growth.

Highlights

  • High-growth potential in a developing area.
  • Two parcels totaling 15.1 acres with I-80 visibility and Penryn Road access, two exits north of the planned Costco.
  • 8" sewer line installed; bond paid.
  • Parcel 040 has a Development Reserve (DR) designation and Penryn Parkway access, potentially offering expanded development options.

Property Details for 3135 Penryn Rd

Property type
Land
Lot Size (sq. ft)
657,756 SF

Location Insight

City
Penryn
County
Placer
State
California
Latitude
38.837311
Longitude
-121.165691

FAQs

What type of property is this?
Land - Prime Placer County commercial land near Costco.
Where is the land located?
The property is located at 3135 Penryn Rd Penryn, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: High-growth potential in a developing area.; Two parcels totaling 15.1 acres with I-80 visibility and Penryn Road access, two exits north of the planned Costco.; 8" sewer line installed; bond paid.
How can I contact the broker?
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3135 Penryn Rd
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