700 Kellogg St Newcastle, CA 95658
This exceptional 40.48-acre property in Newcastle, California, presents a unique investment opportunity. Comprising three separately-parceled lots (APN: 042-010-005-000, 040-330-015-000, 040-330-016-000), this land offers a blend of agricultural and residential zoning (RA-B-100). One parcel encompasses 7.7 acres, including existing structures: a late 1800s craftsman home with restorable architectural details, a 1500-square-foot shop with unfinished upstairs space potentially suitable for living quarters, and a separate 250-square-foot building previously used as an office. An additional 7-acre vacant parcel and a 25.8-acre parcel complete the offering. The rolling terrain provides stunning views of downtown Sacramento and the Sierra Nevada mountains. City sewer and water services are available on-site, along with irrigation water. Its prime location offers easy access to I-80, top-rated schools, parks, restaurants, and downtown Newcastle. This property is ideally suited for a variety of uses, including a vineyard and winery, bed and breakfast, a family compound, or a larger-scale development project. The asking price is $1,700,000. Don't miss this chance to acquire a truly one-of-a-kind historical estate with limitless potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
3 recent transactions · within 1.5 miComparable in this City
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Property description
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