1992 Rabbit Rdg Rd Omo Ranch, CA 95684
This exceptional 302-acre property, located at 1992 Rabbit Ridge Rd, Somerset, CA 95684, presents a unique commercial land investment opportunity in the heart of El Dorado wine country. The property boasts a total of 4,750 square feet of retail space distributed across two buildings, each two stories high. Built in 2011, the structures are situated on a substantial lot, offering significant development potential. The permitted zoning is Ae 40 Acre Minimum, providing flexibility for various commercial ventures. The property's APN is 046-071-022-000. The asking price for this expansive land holding is $5,450,000. The property's location offers convenient access to shopping, restaurants, and theaters, approximately 30 minutes away. This substantial acreage provides ample space for a variety of commercial uses, capitalizing on the area's thriving wine country tourism and its proximity to amenities. The property's size and zoning regulations present a compelling opportunity for investors seeking a significant land acquisition in a desirable location. The existing retail space provides immediate income potential, while the vast undeveloped land offers substantial future development possibilities. This is a rare opportunity to acquire a large parcel of commercial land in a prime location.
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
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Property description
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Risks
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