000 Rue Hilltop Truckee, CA 96161
This exceptional 41.16-acre parcel presents a unique opportunity for development in the heart of historic Truckee, California (zip code 96161). Located directly above Truckee's Commercial Row and the Truckee River, this property boasts a prime location within a master-planned community, approved after extensive town and public review. The "Downtown Mixed Use" (DMU) zoning allows for a diverse range of development options. A significant portion is designated for residential use, encompassing a large multi-family complex, along with separate areas for multi-family residential (MFR) and single-family residential (SFR) development. The commercial zoning component permits substantial commercial development, potentially including bonus commercial footage, mirroring the nearby Hilltop cabins. Furthermore, the site includes a designated area for a 60-room hotel. This offering represents one of only two master-planned communities in Truckee, with the other, The Railyard project, currently under construction. The property's APN is 19-300-084/089, and it's offered at $9,950,000. Note that the Cottonwood building complex (1.96 acres) is excluded from this sale. This is a rare chance to acquire a large, strategically located parcel in a thriving California mountain town. The property is owned by JAR-HILLTOP.
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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