0 Olancha Ca 93549Olancha, CA 93549

This exceptional 640-acre parcel, located in Olancha, California (APN # 033-060-14), presents a compelling investment opportunity. Zoned as Private Preserve and Open Space-Vacant Land, this property is situated in Inyo County and offers significant potential for diverse development. Subject to Bureau of Land Management (BLM) restrictions, the land has been identified as suitable for solar energy development, aligning with current renewable energy market trends. Beyond solar, the property's vast acreage also presents opportunities for recreational uses. Adding further value, assessments indicate the presence of silica sand, opening up additional development avenues. A 2019 proforma provides a financial analysis of potential development scenarios. Currently, an executed option lease agreement is in place, with a total lease sum of $23,997,349.26 over a 39-year term. While specific details of the proforma and lease agreement require separate review, this property's size, diverse potential uses, and existing lease agreement make it a significant investment opportunity in a rapidly evolving market. The asking price for this expansive land holding is $6,000,000. Interested parties should conduct their own due diligence.