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One Mallard Ln - 14AC Parcel Zoned for 72 Single Family Homes 14.58 Acres of Residential Land Offered at $4,499,950 in Placerville, CA 95667

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INVESTMENT HIGHLIGHTS

Civil engineering already completed previously

Building pads in place

EXECUTIVE SUMMARY

Prime investment opportunity! This is just shy of 15 acres that has already been given approval from the city of Placerville to be developed into 84 townhomes or a possibility of single family homes.. Preliminary civil engineering has already been done and at least half of the building sites have already been cut. Water, sewer, power, and other utilities are already on-site and will just need to be brought to each building pad for the individual units. A paved road already exists to the edge of the property, and unimproved roads are also in place.

PROPERTY FACTS

Price	$4,499,950	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Single Family Residence
No. Lots	1	Total Lot Size	14.58 AC
Property Type	Land
Zoning	RM COMMERCIAL

Price	$4,499,950
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Residential
Proposed Use	Single Family Residence
Total Lot Size	14.58 AC
Zoning	RM COMMERCIAL

1 LOT AVAILABLE

Lot

Price	$4,499,950	Lot Size	14.58 AC
Price Per AC	$308,638.55

Price	$4,499,950
Price Per AC	$308,638.55
Lot Size	14.58 AC

Lot is flat on top, which is the building area. There are already some building pads cut in and ready to have utilities ran and townhomes or possibility of single family homes to be built on the subject property.

DESCRIPTION

This land was designed to be part of a multi-development in Placerville. Placerville is behind on new construction, especially affordable housing, so the city would love to see some growth in this area, especially. There are currently single-family homes nearby and also across the main road, Mallard Lane. This land is perfectly situated; close to downtown Placerville for entertainment and eateries, and also within minutes to Highway 50 for easy commuting access. Near-by outdoor recreation is the historical gold discovery site in Coloma and Lotus, with the South Fork of the American River offering lazy days at the river, fishing, and world-class adventures in white water rafting. Also, in a short drive - approximately one hour, is the famous "Jewel of the Sierra," Lake Tahoe. Sacramento is also just down the freeway from here, offering all kinds of nightlife, entertainment as well a various and plentiful opportunities for rewarding careers.

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