$6,000,000
0 Olancha Out Of Area, CA 93549
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$6,000,000
Est. payment /mo
27,878,400 SqFt
Active
0 Olancha Out Of Area, CA 93549
UPDATED:
06/01/2024 12:41 AM
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
Square Footage 27,878,400 sqft
Price per Sqft $0
MLS Listing ID 202203022
Lot Size 640.000 Acres
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.
Location
State CA
County Out Of Area
Area 99
Zoning Private Preserve, Open Space-Vacant Land (Forest Land, Conservation)
Building
Water Unknown
Schools
Elementary Schools Other-Outlying
Middle Schools Other-Outlying
High Schools Other-Outlying
School District Other
Listed by Miguel A Hernandez • Open Door Real Estate
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