For Sale
$13,595,000

1496 Grass Valley Hwy Auburn, CA 95603

16.7 Acres, High Traffic Area, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 16.7-acre property in Auburn, California, presents a unique redevelopment opportunity. Located at 1496 Grass Valley Highway (APN 038-104-095 & 096), this parcel boasts a prime location with an average daily traffic count exceeding 38,000 vehicles. The land is comprised of approximately 4.3 acres zoned C-2, ideal for commercial development, and an additional 12.4 acres recently rezoned RM30 by Placer County, facilitating multifamily residential construction. This rezoning, completed at the county's expense, included a Programmatic EIR. The property's strategic location within the Auburn trade area makes it highly attractive for daily shopping needs. Potential development plans may require a traffic signal, subject to Caltrans and Placer County review, depending on the approved multifamily unit density. This is a rare chance to acquire a large parcel suitable for high-demand multifamily housing in a thriving area. The asking price is $13,595,000. The property is situated in Placer County, CA, zip code 95603.

Highlights

  • 16.7-acre redevelopment opportunity in Auburn, CA (APN 038-104-095 & 096), located at 1496 Grass Valley Highway.
  • 4.3 acres C-2 zoned commercial land and 12.4 acres RM30 zoned multifamily residential land.
  • Prime location with over 38,000 ADT.
  • Recently rezoned by Placer County (Programmatic EIR completed).
  • Asking price: $13,595,000.

Property Details for 1496 Grass Valley Hwy

Property type
Apartment buildings
Lot Size (sq. ft)
727,452 SF

Location Insight

City
Auburn
County
Placer
State
California
Latitude
38.9254786
Longitude
-121.0849364

FAQs

What type of property is this?
Apartment building - 16.7 Acres, High Traffic Area, Redevelopment Potential
Where is the apartment building located?
The property is located at 1496 Grass Valley Hwy Auburn, CA.
What is the asking price?
The asking price for this property is $13,595,000.
What are key features of this property?
This property features: 16.7-acre redevelopment opportunity in Auburn, CA (APN 038-104-095 & 096), located at 1496 Grass Valley Highway.; 4.3 acres C-2 zoned commercial land and 12.4 acres RM30 zoned multifamily residential land.; Prime location with over 38,000 ADT.
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1496 Grass Valley Hwy
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