1450 Main St Grass Valley, CA 95945
This exceptional 3.93-acre parcel presents a prime opportunity for multi-family development in Grass Valley, California. Located at 1450 E Main St, this R-3 zoned land boasts over 1000 feet of frontage on East Main Street, just one-third of a mile from Highway 49, and situated between two major intersections. The property's gentle upslope topography offers a coveted southern exposure and desirable views. Its convenient location places it within walking distance of a variety of amenities, including restaurants, shopping centers, medical facilities, Sierra College, a hospital, and a country club. The site is easily divisible, offering flexibility for development plans. This rare infill property combines a pastoral feel with the advantages of high-density zoning, aligning perfectly with the City's General Plan. All utilities are available at the site. The APN is 35-320-70. The asking price is $849,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.