$6,000,000
0 S Of Hwy 190 Olancha, CA 93545
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$6,000,000
Est. payment /mo
640 Acres Lot
Active
0 S Of Hwy 190 Olancha, CA 93545
UPDATED:
09/30/2024 06:51 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID NS23100191
HOA Y/N No
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. 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
Zoning R
Interior
Fireplace No
Exterior
Community Features Mountainous, Near National Forest
Utilities Available Water Not Available
View Y/N Yes
Building
Lot Description Desert Back, Desert Front
Water None
New Construction Yes
Others
Senior Community No
Tax ID 03306014
Acceptable Financing Contract
Listing Terms Contract
Special Listing Condition Standard
Listed by Miguel Hernandez • Open Door Real Estate • 661-778-9135
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