4000 Via del Gatos 28.37 Acres of Residential Land Offered at $2,373,064 CAD in Cameron Park, CA 95682

The property is well located in Cameron Park, CA a census-designated unincorporated area of western El Dorado County, part of the Greater Sacramento Area. The population of Cameron Park, CA was 17,995 in 2022, but is more broadly part of the Greater Sacramento Area, with a population of approximately 2,400,000 residents, with a projected average annual growth rate of 3.3% between 2023 to 2028. The area is expected to add another 80,000 people over the next five years, resulting in the formation of an estimated 32,000 households. The 28.3 acre subject property is undeveloped, yet poised for much needed residential development, given its multi family zoning that permits up to 3-story apartments, townhomes, or single family residential development. The site is very well located for medium to high density residential development given its high visibility and excellent access from Highway 50 via Durock Road, with freeway access just ¼ mile west. The site is gently sloping with native grasslands, shrubs, and some trees. Trees generally consist of gray and ponderosa pines, and some oak trees. All public utilities are to the site, including public water and sewer services. El Dorado Transit provides local bus service, including the 50 Express bus to Iron Point Station. Amtrak Thruway 20C provides a daily connection to Sacramento, CA to the west, and South Lake Tahoe to the east. Highway 50 is the preferred transportation route, which along with Highway 80 to the north provide the primary east west route linking the San Francisco Bay Area and Sacramento, CA to the Sierra Nevada mountains and South Lake Tahoe, and beyond. Given the fact that the property lies adjacent to one of the most heavily trafficked freeways in Northern California, with excellent highway visibility, hospitality use is also an appropriate use of the site, and with 28.3-acres, the site can accommodate a variety of uses, such as both apartments and hotel use. Other uses may include senior living, either independent living or assisted living, and/or affordable housing. The property owner/seller requests purchase offers or offers to joint venture with a highly qualified developer/builder whereby the property owner would contribute the land to a joint venture to be formed by owner and developer. All purchase offers submitted will be responded to promptly by seller and there is no date set for any call for offers.