21720 Parrotts Ferry Rd, Sonora, CA 95310

This exceptional 5.34-acre parcel in Tuolumne County, California, presents a unique opportunity for multifamily development. Located at the high-traffic intersection of Parrotts Ferry Road and Union Hill Road in Sonora (zip code 95310), this property boasts approved plans for an 80-unit apartment complex, including a clubhouse, swimming pool, garages, carports, landscaping, and ample parking. Previously permitted (permit #11-010, now expired), the recent update to the Tuolumne County Title 17 Zoning Code (July 2024) streamlines the approval process, potentially requiring only administrative review, eliminating the need for a public hearing or Conditional Use Permit. The property benefits from an extremely tight rental market with less than 2% vacancy, fueled by the recent opening of the $325 million Chicken Ranch Casino in nearby Jamestown, creating hundreds of new jobs. The proximity to Columbia College, with an enrollment of 2,132 students and faculty, further enhances the demand for housing. Architectural plans for the "Union Hills Apartments" are already approved, encompassing eighty apartment units and all necessary amenities. This project offers the potential for rapid development, with estimates suggesting final approval within six to eight weeks. The seller is open to considering attractive seller financing options.