USACAGrass Valley22630 Cameo Drive
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New
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$1,100,000

For Sale

17 hours ago

22630 Cameo Drive, Grass Valley, CA

MLS® 226026859

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Commercial Land
Levels Land
Size -
Garage No
Taxes 
Days Active 0
Lot Size 5 acres
Approx. Age 
MLS® Number 226026859

Property Address: 22630 Cameo Drive, Grass Valley, CA, 95949

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity for the development of high impact affordable housing in the Greater Higgins area of Grass Valley, California. The Cameo Affordable Housing Land (Cameo''), located at 22630 Cameo Drive, comprises a 5-acre parcel strategically positioned to serve the region's increasing demand for affordable housing. Cameo represents a unique opportunity to acquire and develop a fast to market, transformative, low income, high-density residential project in an area marked by ongoing growth and infrastructure development. The latest proposal for the development includes 48 rent-restricted units, comprised of twelve (12) one-bedroom units, twenty-four (24) two-bedroom units, and twelve (12) three-bedroom units, all restricted at 30%, 50%, or 60% of AMI. This project will deliver critically needed affordable housing in western Nevada County and is eligible for California Low-Income Housing Tax Credits (LIHTC), providing valuable financial incentives for developers The project was previously in contract with a developer who secured over $10 million in infill and infrastructure grants and completed all necessary engineering studies, including geotechnical, biological, traffic, drainage, and hazardous waste reports. Additionally, preliminary architectural and civil plans have been prepared, allowing a developer to leverage the existing reports and submittals, saving hundreds of thousands of dollars in soft costs and significantly reducing the time to market.
MLS® Number226026859
Laundry Level
Central VacNo
FireplaceNo
Acreage5
Exterior
GarageNo
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 6, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
22630 Cameo Drive, Grass Valley, CA

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