Listing provided courtesy of Miguel Hernandez of Open Door Real Estate. Last updated 2024-01-03 10:17:24.000000. Listing information © 2022 Sandicor.
Asking Price: $6,000,000
Of Hwy 190, Olancha CA 93545
Community:
This Lots/Land property was built in and is priced at $6,000,000. Please see the additional details below.
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.
