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Donner Pass Road - The Junction at Truckee Railyard 3.9 Acres of Commercial Land Offered at $10,375,425 CAD in Truckee, CA 96161



EXECUTIVE SUMMARY
The Truckee Railyard is a critical extension that doubles the size and enhances the character of the historic downtown corridor that serves as the gateway to the Tahoe region.
The Railyard builds on a strong sense of community, a well-loved destination, and a world-class location by filling major voids in the existing marketplace while complimenting centuries old culture.
A shifting consumer archetype has driven an explosion in full-
time residency from purchasers seeking a mountain-lifestyle in a contemporary, semi-urban setting while bringing Bay Area wages and wealth to the region.
Increasingly, Tahoe residents and visitors alike desire a mixed-use, dense and walkable place, which Truckee Railyard is uniquely prepared to offer. Long unmet local and regional demand for entertainment, grocery store, new restaurants and retail, and civic destinations will be fulfilled by the Truckee Railyard’s expansion of a historic downtown to create a truly complete place in a thriving market.
With the backbone infrastructure recently completed, workforce housing requirements met, and environmental mitigation in place, the Railyard’s market rate parcels offer an unparalleled opportunity to participate in the realization of Truckee’s Historic Downtown.
PROPERTY FACTS
| Price | $10,375,425 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 3.90 AC |
| No. Lots | 1 | ||
| Zoning | Development Agreement - Subject to Truckee Railyard Master Plan Development Agreement | ||
| Price | $10,375,425 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 3.90 AC |
| Zoning | Development Agreement - Subject to Truckee Railyard Master Plan Development Agreement |
1 LOT AVAILABLE
Lot
| Price | $10,375,425 CAD | Lot Size | 3.90 AC |
| Price Per AC | $2,660,365.29 CAD |
| Price | $10,375,425 CAD |
| Price Per AC | $2,660,365.29 CAD |
| Lot Size | 3.90 AC |
The south balloon area within the Downtown Extension District features the commercial heart of The Railyard. Featuring entitlements for up to 90,000 square feet of commercial, retail and office.
DESCRIPTION
The south balloon area within the Downtown Extension District features the commercial heart of The Railyard. Featuring entitlements for up to 90,000 square feet of commercial, retail and office, Commercial Square is supported by the 250 residential units within the Railyard as well as the tremendously high traffic counts through Downtown Truckee, comprised of residents and tourists alike, on a daily basis. Featuring holiday surges that have delivered among the highest grossing intensities in the country, retail opportunities abound. The Railyard Master Plan Area consists of approximately 75 acres located within Truckee’s Downtown. The Master Plan supports development of an eclectic mix of building types and uses within an attractive, pedestrian-oriented neighborhood. The developer and Town set a series of community focused objectives for the project: • Encourage vibrant and economically sustainable mixed-use redevelopment that offers diverse retail, entertainment, employment and housing opportunities. • Provide a connected community with places that are easily accessible to pedestrians, bicyclists and drivers. • Create an enjoyable public realm with a strong sense of place that compliments Truckee’s unique historical and mountain town character. • Encourage efficient use of resources and improved environmental and community health The Railyard has been an important part of Truckee’s history since the Town’s establishment in the early 1860’s. In 1863 a stage stop was founded at what is today the intersection of Jibboom and Bridge streets. Shortly thereafter, several lumber mills were established. Beginning in 1890 and continuing for three decades, construction of rail line were administered and dispatched from Truckee. The railyard served as the headquarters fire trains and helper engines that aided trains climbing to the Donner Summit. The 1950’s saw a return to the use of the railyard for milling. At the height of the industry, the sawmill could process 45 million board feet per year. In 1989, the railyard lumber mill closed. Shortly after, The Town of Truckee was incorporated recognizing the need to address the changing economy and take charge of planning Truckee’s future. Through an extensive process over many years involving the Town of Truckee, citizen committees, stakeholders and the railroad, the Truckee Railyard has received enormous community support and unanimous approval.
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Donner Pass Road - The Junction at Truckee Railyard
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