tomo logo

$3,500,000

Beds
4
Baths
3.0
sq ft
2,508

22060 Olivas Ave, Nuevo, CA 92567

22060 Olivas Ave

Nuevo/Lakeview, CA 92567

  • 623 days on market
Prime development opportunity in the rapidly developing city of Nuevo! Situated on a flat corner lot with 1261 feet of frontage, over 18 acres of commercial land (CPS Zoned) and a newly renovated 2500+ square foot Ranch Style home onsite - this uniquely situated property offers endless possibilities! It also sits less than three miles away from the soon to come, Villages of Lakeview which will consist of 8,725 homes on 2883 acres and KB homes Nuevo Meadows is in the process of building another 238 homes less than two miles away. The property is also just minutes from the new 16 mile Mid County Parkway corridor which improves travel between valleys from the I-215 to Route 79. —---- The existing structure is a beautifully renovated residence with new low maintenance landscaping in the backyard, a new sprinkler/irrigation system, brand new electrical, new plumbing and water heater recently installed, new video surveillance system, network connections and more. Recent upgrades and finishes were also completed throughout the house to include paint, drywall, framing, flooring, cabinets, counter tops, appliances and other interior touches. —---- Outside there is a detached three car garage, 2 steel garage barns, city water and all utilities on site and a private well. —---- Some of the many permitted uses include; automobile parts and supply stores, banks and financial institutions, hardware stores, nurseries and garden supply stores, offices and business park, produce markets, schools, business and professional, including art, barber, beauty, dance, drama, music and swimming, gasoline service stations, convenience stores, churches; this property could also be used for commercial cannabis cultivation with a CUP…the list goes on. Schedule a visit today (BY APPOINTMENT ONLY) buyer and broker to verify all information through due diligence.

Details

Property type

Mixed Use

Est. home value

$3,223,473

Property condition

Updated/Remodeled

Lot size

18.3 acres

Price per sq ft

$1,396

Year built

1967

Price History

02/19/2023
CRMLS

CRMLS #SW23027099

Listed
$3,500,000
+27.27%
07/12/2022
CRMLS

CRMLS #SW21247061

Sold
$2,750,000
+150%
05/20/2021
CRMLS

CRMLS #SW21047665

Sold
$1,100,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Stable(s)

High school district: 

Nuview Union

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Private Business Capital

Loan start date

March 2022

Original loan amount

$2,000,000

Est. remaining balance

Not provided

Interest rate

3.56%

Loan type

SBA Participation Trust Deed

Seller

Parmjit Singh Grewal and Manpreet Kaur Thiara

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

CRMLS
$2,999,000
7 bd
|
4 ba
|
4,090 sq ft
|
Manufactured

21050 Elton Ln, Nuevo, CA 92567

Status: Active

Tomo last checked: 11/03/2024 at 6:00 AM

Listing updated: 10/19/2024 at 4:40 AM

Listed by: David Roberson, Keller Williams Realty Phone #: (949) 282-0088

MLS: CRMLS #SW23027099

CRMLS logo

Recently listed in Nuevo/Lakeview

$3,500,000|4 bd|3.0 ba|
tomo logo
  • © 2024 Tomo Real Estate
  • 1424 11th Ave, Suite 201, Seattle, WA 98122
  • (404) 738-5385

Resources

BlogTomo Mortgage

Real Estate for sale

Disclaimers

mls-logo

Based on information from California Regional Multiple Listing Service, Inc. as of 2024-11-01 16:20 PDT and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.