22630 Cameo DR, Grass Valley, CA 95949
22630 Cameo DR, Grass Valley, CA 95949
22630 Cameo DR, Grass Valley, CA 95949
5
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$1,100,000
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5 Acres Lot
Active

22630 Cameo DR Grass Valley, CA 95949

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Sierra Player

Sierra Player

+1(530) 604-9319

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Key Details

Property Type Commercial

Sub Type Commercial Lot

Listing Status Active

Purchase Type For Sale

MLS Listing ID 226026859

HOA Y/N No

Lot Size 5.000 Acres

Acres 5.0

Property Sub-Type Commercial Lot

Source MLS Metrolist

Property Description

Investment opportunity for the development of high impact affordable housing in the Greater Higgins area of Grass Valley, California. The Cameo Affordable Housing Land (Cameo''), located at 22630 Cameo Drive, comprises a 5-acre parcel strategically positioned to serve the region's increasing demand for affordable housing. Cameo represents a unique opportunity to acquire and develop a fast to market, transformative, low income, high-density residential project in an area marked by ongoing growth and infrastructure development. The latest proposal for the development includes 48 rent-restricted units, comprised of twelve (12) one-bedroom units, twenty-four (24) two-bedroom units, and twelve (12) three-bedroom units, all restricted at 30%, 50%, or 60% of AMI. This project will deliver critically needed affordable housing in western Nevada County and is eligible for California Low-Income Housing Tax Credits (LIHTC), providing valuable financial incentives for developers The project was previously in contract with a developer who secured over $10 million in infill and infrastructure grants and completed all necessary engineering studies, including geotechnical, biological, traffic, drainage, and hazardous waste reports. Additionally, preliminary architectural and civil plans have been prepared, allowing a developer to leverage the existing reports and submittals, saving hundreds of thousands of dollars in soft costs and significantly reducing the time to market.

Location

State CA

County Nevada

Area 13111

Zoning R3-RH-SC-SP

Direction From Grass Valley: Hwy 49 S. Left on Cameo Drive

Exterior

Utilities Available Cable Available, Internet Available

Water Access Desc Public

Topography Snow Line Below,Trees,Lot Grade Varies

Road Frontage Highway Exposure, Highway

Building

Lot Description Public Trans Nearby, Shape Irregular

Sewer Special Requirements

Water Public

Schools

Elementary Schools Pleasant Ridge

Middle Schools Pleasant Ridge

High Schools Nevada Joint Union

School District Nevada

Others

Senior Community No

Tax ID 057-141-029-000

Special Listing Condition None

MetroList® Services, Inc
Listed by Coldwell Banker Commercial Grass Roots Realty

NEARBY SCHOOL & BUSINESS

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Sierra Player

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22630 Cameo DR

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