1496 Grass Valley HwyAuburn, CA 95603
- Apartment buildings
- 16.70 AC
Property Details for 1496 Grass Valley Hwy
- Lot size
- 16.70 AC
- Property type
- Apartment buildings
Description
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.
Location Insight
- City
- Auburn
- County
- Placer
- State
- California
- Latitude
- 38.9255
- Longitude
- -121.085
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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