Multi-Family

101 Chicory Ct

101 Chicory Ct, Grass Valley, CA 95945

Listing Price: $1,000,000

Lot Size
4.92 acres
Price/Acre
$203,252
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present the Freeman Lane and River Otter development sites. These two development sites (4.92 acres total) are being sold together as a package and are comprised of The Freeman Lane Multifamily development site (Wolf Creek Commons Apartment Homes) and the River Otter single family home development sites. The Freeman Lane site was previously approved by the City of Grass Valley for a low density 32-unit apartment complex consisting of seven separate three-story buildings, lower-level parking, common area terraces, and ample open space for residents to partake of the natural beauty. The Freeman Lane development site consists of nine individual lots located at 101, 111, 121, 131 Chicory Way, 200, 210, 230, 250 River Otter Way, and 29-370-18-000. The proposed construction would be facing southeast to promote energy efficiency and to take full advantage of the natural sunlight. All utilities, main retaining walls, and the main access road have been completed, which will save many of the hard development costs and promote greater overall development cost savings.

The River Otter site is comprised of seven residential lots 227 (7,405 SF), 233 (6,098 SF), 245 (6,098 SF), 259 (7,405 SF), 273 (6,534 SF), 283 (5,227 SF), 295 (5,227 SF) River Otter Way which were formerly approved by the City of Grass Valley for the construction of seven single family residences. The lots are located above Wolf Creek adjacent to the paved Wolf Creek Trail and will offer residents idyllic views over Wolf Creek. Pending renewed City of Grass Valley approval, the seven River Otter lots are ready for construction as all critical infrastructure for water, sewage, electricity and gas are already in place. A full set of drawings for several of the homes is available upon request.

The properties are conveniently located just off West McKnight Way and Freeman Lane, offering residents convenient access to Pine Creek Shopping Center, downtown Grass Valley, Nevada City, and Highway 49. This amazing location is convenient located just 56 miles from Sacramento, 57 miles from Truckee, and 89 miles from Reno, offering residents a plethora of recreation, dining, and employment possibilities.

Freeman Lane APN#:
29-370-10-000, 29-370-11-000, 29-370-12-000, 29-370-13-000, 29-370-14-000, 29-370-15-000, 29-370-16-000, 29-370-17-000, 29-370-18-000

River Otter APN#:
029-370-002-000, 029-370-003-000, 029-370-004-000, 029-370-005-000, 029-370-006-000, 029-370-007-000, 029-370-008-000, 029-370-022-000

Investment Highlights

  • Rare Development Opportunity with Multiple Exit Strategies
  • Convenient Access to Shopping, Downtown Grass Valley, Nevada City, and Highway 49
  • All Critical Infrastructure: Water, Sewage, Electric, and Gas has been Completed

Exclusively Listed By

Listing Price: $1,000,000

Lot Size
4.92 acres
Price/Acre
$203,252
Land Type
Redevelopment

Investment Highlights

  • Rare Development Opportunity with Multiple Exit Strategies
  • Convenient Access to Shopping, Downtown Grass Valley, Nevada City, and Highway 49
  • All Critical Infrastructure: Water, Sewage, Electric, and Gas has been Completed

Investment Overview

Marcus & Millichap is pleased to present the Freeman Lane and River Otter development sites. These two development sites (4.92 acres total) are being sold together as a package and are comprised of The Freeman Lane Multifamily development site (Wolf Creek Commons Apartment Homes) and the River Otter single family home development sites. The Freeman Lane site was previously approved by the City of Grass Valley for a low density 32-unit apartment complex consisting of seven separate three-story buildings, lower-level parking, common area terraces, and ample open space for residents to partake of the natural beauty. The Freeman Lane development site consists of nine individual lots located at 101, 111, 121, 131 Chicory Way, 200, 210, 230, 250 River Otter Way, and 29-370-18-000. The proposed construction would be facing southeast to promote energy efficiency and to take full advantage of the natural sunlight. All utilities, main retaining walls, and the main access road have been completed, which will save many of the hard development costs and promote greater overall development cost savings.

The River Otter site is comprised of seven residential lots 227 (7,405 SF), 233 (6,098 SF), 245 (6,098 SF), 259 (7,405 SF), 273 (6,534 SF), 283 (5,227 SF), 295 (5,227 SF) River Otter Way which were formerly approved by the City of Grass Valley for the construction of seven single family residences. The lots are located above Wolf Creek adjacent to the paved Wolf Creek Trail and will offer residents idyllic views over Wolf Creek. Pending renewed City of Grass Valley approval, the seven River Otter lots are ready for construction as all critical infrastructure for water, sewage, electricity and gas are already in place. A full set of drawings for several of the homes is available upon request.

The properties are conveniently located just off West McKnight Way and Freeman Lane, offering residents convenient access to Pine Creek Shopping Center, downtown Grass Valley, Nevada City, and Highway 49. This amazing location is convenient located just 56 miles from Sacramento, 57 miles from Truckee, and 89 miles from Reno, offering residents a plethora of recreation, dining, and employment possibilities.

Freeman Lane APN#:
29-370-10-000, 29-370-11-000, 29-370-12-000, 29-370-13-000, 29-370-14-000, 29-370-15-000, 29-370-16-000, 29-370-17-000, 29-370-18-000

River Otter APN#:
029-370-002-000, 029-370-003-000, 029-370-004-000, 029-370-005-000, 029-370-006-000, 029-370-007-000, 029-370-008-000, 029-370-022-000

Exclusively Listed By

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