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16774 Hinton Dr
Truckee, CA 96161

$10,000,000 USD

Land For Sale  •  230 AC

Property Details

  • Property Type Land
  • Lot Size 230 AC
  • Zoning FR-160
0 Transit Score
0 Walk Score

Description

One of most interesting properties for sale in California with lots of income potential.  Currently property has County approved right to remove 17,000,000 tons of Aggregate. Large infrastructure/site development contractor and a construction materials producer has 10 years remaining on their lease.  Lease permits them to remove up to 1 Million tons/yr. at $1/ton paid to land owner.  Tenant pays minimum of $100,000/yr and are planning to expand operations as one of their main sources of aggregate.  Additional income potential comes from existing Cell Tower that will be paying 40% of gross income starting in 2032.  Seller estimates starting income to be approximately $80k/yr.  The permitted spring facility can produce up to 12,000 gallons of delicious water per hour.  The new owner could lease these rights to a bottling company.  Even at 3 cents per gallon, if bottling company removed 40 loads per week of 7,000 gallons, that would produce net income to the owner of over $400,000/year.    Not to mention getting to own 230 acres of prestine forest land just off the 80 freeway on the way to Lake Tahoe.

Highlights

One of most interesting properties for sale in California with lots of income potential.
Currently property has County approved right to remove 17,000,000 tons of Aggregate.
Large infrastructure/site development contractor and a construction materials producer has 10 years remaining on their lease.
ease. Lease permits them to remove up to 1 Million tons/yr. at $1/ton paid to land owner.
Tenant pays minimum of $100,000/yr and are planning to expand operations as one of their main sources of aggregate.
Additional income potential comes from existing Cell Tower that will be paying 40% of gross income starting in 2032.

Public Transportation

Commuter RailDriveWalkDistance
Truckee Amtrak Station (California Zephyr - Amtrak) 12 min - 9.3 mi
AirportDriveWalkDistance
Reno/Tahoe International 55 min - 33.4 mi
Michael Millea 310-425-9838 The Ensbury Group
Michael Millea 310-425-9838 The Ensbury Group