1406 & 1448 Grass Valley Hwy 16.7 Acres of Commercial Land Offered at $7,750,000 in Auburn, CA 95603

1406 Grass Valley Hwy – 12.4 Acres (APN 038-104-095) A premier multifamily development opportunity along the Grass Valley Highway corridor in Auburn, CA. Zoned RM30-Dc, this site supports high-density residential uses with potential capacity for up to 30 units per acre. This rare infill parcel was recently rezoned from commercial to residential under Placer County’s RHNA housing initiative, demonstrating strong jurisdictional support for future housing production. Placer County also incorporated this parcel into its RHNA-driven Environmental Impact Report (EIR), reducing future environmental hurdles. According to the County, projects dedicating 20% or more of units as affordable may qualify for administrative approval, enabling staff-level review and significantly reducing entitlement risk and processing time. 1448 Grass Valley Hwy – 4.3 Acres (APN 038-104-096) Directly adjacent to the multifamily development site and fronting Hwy 49, this commercially zoned CPD-DC property offers a stable income from two existing tenants while providing exceptional long-term development flexibility. With prominent frontage and strategic positioning, the parcel enhances the overall potential of the larger assemblage. Potentially serving as the primary access point to the 12.4-acre residential parcel, improving circulation, connectivity, and overall project design efficiency. Combined Development Potential Together, these properties create a 16.7-acre mixed-use opportunity ideal for a forward-thinking developer. A possible development strategy of commercial uses along the highway paired with high-density residential behind offer a balanced, market-responsive plan, satisfying multiple needs for the community. This combined site supports a cohesive community vision aligned with state housing mandates, local planning objectives, and Auburn’s evolving demand for both residential and commercial uses. The assemblage provides scale, entitlement efficiency, and the potential to deliver impactful housing supported by complementary commercial amenities. Both parcels to be sold as a together as a development package.