14762 Wabash Ave Grass Valley, CA 95945
- Specialty properties
- 1,700 SF
- 16.97 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 14762 Wabash Ave
- Year built
- 1961
- Lot size
- 16.97 lot acres
- Property size
- 1,700 SF
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional 16.97-acre property in Grass Valley, CA (APN 028380012000), presents a compelling value-add investment opportunity. Located at 14762 Wabash Ave, 95945, this mixed-use land boasts two existing buildings totaling 1,700 square feet, constructed in 1961, and featuring a single story. Currently generating income from multiple tenants (two total), the property includes a leased vineyard spanning approximately 3.2 acres and cultivating six grape varietals. An additional permitted and leased growing operation is also in place, demonstrating significant existing revenue streams. Further enhancing the property's income potential is a leased residential home and a shop with RV parking and dumping facilities, also available for lease. The expansive acreage offers considerable potential for future development, with ample space for vineyard expansion or the creation of additional income-generating ventures. The asking price is $1,999,000. This property represents a rare chance to acquire a diversified, income-producing asset with substantial upside potential in a desirable California location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grass Valley
- County
- Nevada
- State
- California
- Longitude
- -120.966
- Latitude
- 39.1569
