0 S Of Hwy 190, Olancha CA, 93545
(Active)
$6,000,000
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MLS# NS23100191
Last Updated: 5/17/2024 11:27 PM
Description for
0 S Of Hwy 190
Olancha, CA 93545
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.
Price
$6,000,000
Inyo
NS23100191
Active
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.
Listing Information
| Property Type: Land, Other | ||
| 640 Acres | Assessor | |
None
Water Not Available
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
R
Desert Back,Desert Front
Driving Directions
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Financial Considerations
| 03306014 |
Contract
Listing Price History
Olancha Real Estate
Olancha is located in California. Olancha, California 93545 has a population of 2,056.
The median household income in Olancha, California 93545 is $50,980. The median household income for the surrounding county is $59,498 compared to the national median of $66,222. The median age of people living in Olancha 93545 is 46 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 6/7/2023 | Active | $6,000,000 USD |
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