1500 Main St Grass Valley, CA 95945

This exceptional 10.75-acre commercial land parcel presents a unique investment opportunity in Grass Valley, California. Located at 1500 E Main St, 95945, this property boasts over 1000 feet of frontage on East Main Street, just one-third of a mile from Highway 49, providing unparalleled accessibility. The site benefits from a desirable location within walking distance of restaurants, shopping centers, medical facilities, Sierra College, a hospital, and a country club. The gently upsloping topography offers a coveted southern exposure and scenic views. Zoned R-3 and R-1, this land is divisible and allows for high-density multi-family development, aligning with the city's general plan. Previous conceptual plans, submitted to the city, envisioned a 160-unit senior apartment complex, a 5,600 square foot community/senior center, 15 single-family residential lots, and an extension of Joerschke Drive onto the property. All utilities are available at the site. This is a rare infill development opportunity combining high-density zoning with a pastoral feel, situated between two major thoroughfares. The asking price is $1,375,000, translating to $137,209 per acre. This property offers significant potential for a variety of development projects.