OFF MARKET EXCLUSIVE OFFERING
7 Acres on Sierra Highway – 25 Unit Luxury Apartment or Condo Development Opportunity.
Asking: $1,950,000 – Only $78,000 per Unit for raw land
Seller Motivated as priced to sell.
Property is owned by a private lender being liquidated , so RTI is undeliverable only city affirmative for 25-30 unit luxury condo or apartment development by one stop meeting with Seller’s architect .
Seller’s architect available for a meeting with offer accompanying proof of funds.
The one stop at the city revealed the lot is buildable on its flat section where a single residence is currently located for a 25-30 unit luxury apartment or condo project.
Now the Seller is even entertaining the idea for a 2nd 1 stop at the city to get the land pre-approved for a self-storage facility development as an alternative project as well.
The development on the flat portion of the lot would take about 2 acres of it and the remaining 5 acres could be potentially used for a solar farm operation.
Provided you manage to contact Edison in the area. Btw, we could make another 13 acres available one lot over also off the market of which 2 acres cannot be used since under a flood zone along Sierra Hwy,
But the remaining 11 acres could be used for additional land for the same kind of development. If there is interest in either or both projects we could set up a meeting with the architect in charge to meet us and your clients to explain in more details.