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Listed by Miguel Hernandez • Open Door Real Estate
$ 6,000,000
Est. payment /mo
Active
0 S Of Hwy 190 Olancha, CA 93545
27,878,400 SqFt
UPDATED:
06/01/2024 12:16 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 27,878,400 sqft
Price per Sqft $0
MLS Listing ID CRNS23100191
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 640.000 Acres
Property Sub-Type Unimproved Land
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
Interior
Fireplace No
Exterior
View Other
Building
Water None
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