401 Waterman Rd Ione, CA 95640

This exceptional 8.79-acre parcel in Ione, California, presents a prime opportunity for high-density residential development. Zoned R-4, it allows for a potential 15-25 dwelling units per acre, suitable for single-family homes, townhomes, or apartments. A proposed three-phase plan outlines a large-scale, 264-unit affordable housing development (entitlement not included). The property boasts flat topography and is located within a Qualified Census Tract (QCT). Extensive due diligence has already been completed, with readily available reports including a TCAC market study, cultural resources report, FEMA flood determination letter, geotechnical report, plan set, and title report. The property is located at 401 Waterman Rd, Ione, CA 95640 (APN: 004-030-009-000) and is offered at $3,000,000 fee simple. This is an ideal investment for developers seeking a substantial project with significant pre-development work already completed. The City of Ione and Amador County location offers a desirable setting for residential growth. Phase 1 is available for immediate development consideration.