419 Sierra College Dr Grass Valley, CA 95945
Two adjacent commercial lots totaling 5.91 acres are available for sale in the prestigious Litton Business Park in Grass Valley, California. Located at a signalized corner on Sierra College Drive, this property offers exceptional visibility and accessibility, situated within a half-mile of the Highway 49/20 interchange at Dorsey Drive. The lots, measuring 3.78 and 2.13 acres respectively, can be purchased individually or together for a total asking price of $375,000 ($2.73/sq ft). The CBP zoning allows for a wide range of uses, including corporate office space, medical facilities, light manufacturing, research and development, health clubs, schools, sports facilities, mixed-use developments, residential care facilities, markets, restaurants, retail, banks, and hotels. All city utilities are available on-site. The property boasts proximity to amenities such as a Whole Foods Market, a racquet and swim club, Sierra College, and numerous financial and medical services, as well as a substantial amount of workforce housing. The seller may reserve the right to an easement through the lots. This presents a unique opportunity to develop a significant commercial project in a thriving and highly desirable location. The potential for development is substantial, with over 50,000 square feet of developable space at 20% coverage.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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