Union Hill Road and Parrotts Ferry Road - Commercial LAND FOR SALE


Sonora, CA 95370 232,610 SF
$1,250,000 USD
415-625-2117
Union Hill Road and Parrotts Ferry Road, Sonora, CA for Sale
$1,250,000 USD
Commercial LAND - FOR SALE
1/8
232,610 SF

Union Hill Road and Parrotts Ferry Road
Sonora, CA 95370


HIGHLIGHTS

  • New $325 Million Chicken Ranch Casino opened July 2024 in nearby Jamestown.
  • Close to Columbia College of Sonora.
  • Columbia College of Sonora. Very tight rental market with acute need for workforce and student housing.
  • Owner open to superior Seller Financing at rates and terms to be determined.

OVERVIEW

The subject property benefits from an extremely tight rental market, with under two-percent market-wide vacancy, and the nearby $325 Million dollar Chicken Ranch Casino was opened in July of 2024 creating further demand with the creation of several hundred new jobs and workers in need of housing. The nearby Columbia College has an annual enrollment of 2,132 students (in addition to faculty) and further adds to the demand and need for local housing. The submitted drawings for then Union Hills Apartments (Development Name) are approved for eighty apartment units, a clubhouse, a swimming pool, detached vehicle garages, detached carports, landscaping, utilities, and parking areas. Indications are that the project can be fast-tracked without public review, and potential final approval in as short as six-eight weeks.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/ACRE

$234,083/AC

PRICE/SF

$5 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Union Hill Apartment Development/5.34 Acres

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Apartment Units

LAND ACRES

5.34 AC

LAND SF

232,610 SF

OFFSITE IMPROVEMENTS

-

ZONING

C-1

APN/PARCEL ID

033-033-049

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.