16774 Hinton Dr, Truckee, CA 96161
Truckee, CA10,000,000
Property Description
Amazing opportunity to purchase 243 acres of pristine forest land outside of Truckee, CA. Located just off the 80 Freeway on the way to Lake Tahoe. Income consists of 10 years remaining on Rock Quarry Lease to large infrastructure and site development contractor and a construction materials producer. Cell Tower on the property produces approximately $3,000/mo. income. Additionally, permitted Spring Water Facility that could be leased to a bottling company. Spring produces approximately 200 gallons of fresh, clean water/minute. Currently, Mining company pays $6,000/mo. For water usage when they are mining.
INVESTMENT HIGHLIGHTS
- One of most interesting properties for sale in California with lots of income potential.
- Large infrastructure/site development contractor and a construction materials producer has 10 years remaining on their lease.
- Tenant pays $6,000/mo. To use water for mining operation.
- Currently property has County approved right to remove 17,000,000 tons of Aggregate.
- Lease permits Tenant to remove up to 1 Million tons/yr. at $1/ton paid to land owner.
- Additional income comes from existing Cell Tower that pays $3,000/mo.
Property Features
- Sale Price: 10,000,000
- Land Area: 230.00 AC
