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$6,000,000
Est. payment /mo
640 Acres Lot
UPDATED:
06/01/2024 05:11 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNS23100191
HOA Y/N No
Lot Size 640.000 Acres
Acres 640.0
Property Description
APN # 033-060-14 is a 640-acre parcel of land located in Olancha, California, 93549. The property is subject to Bureau of Land Management (BLM) restrictions, but it has been identified as suitable for solar energy development and recreational use. Additionally, the property has been assessed for the presence of silica sand, adding potential value to the land. A proforma was completed for the property in 2019, providing an analysis of its potential financial performance and development opportunities. As of the most recent information available, there is an executed option lease agreement in place for the property, with a total lease sum of $23,997,349.26 over 39 years. Given its size and the opportunities for solar energy development, recreational use, and potential value from silica sand, this property presents a significant investment and development opportunity. Please note that specific details regarding the proforma and lease agreement would need to be obtained from the relevant parties or documentation associated with the property.
Location
State CA
County Inyo
Area Listing
Zoning R
Interior
Fireplace No
Exterior
Utilities Available No Water/Sewer
View Y/N true
View Other
Building
New Construction No
Others
Tax ID 03306014
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Listed by Miguel Hernandez • Open Door Real Estate
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