|434 Acres of Commercial Land Offered at $8,500,000 in Grass Valley, OR
ABOUT 93811 Blagg Ln , Grass Valley, OR 97029
Price $8,500,000 Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use Commercial
No. Lots 1 Total Lot Size 434.00 AC
Property Type Land Opportunity Zone Yes
Listing ID: 17885062
Date Created: 12/5/2019
1 Lot Available
Price $8,500,000 Lot Size 434.00 AC
Price Per AC $19,585
This 434 Acre site (100+ undeveloped) zoned Motor Sports Park Complex (MSC-1) is situated in a qualified Opportunity Zone and Enterprise Zone.
434 Acres in Opportunity Zone
Oregon’s Premier Automotive testing facility and 2.34 mile Private Race Track
Zoning Code MSC-1
Oregon Raceway Park property and management company - Pacific Motorsports Management - For Sale.
Sale features Oregon’s Premier Automotive testing facility and Private Race Track on 434 acres of sprawling land. The 2.34 mile, bi-directional, 40' wide course features smooth, race-grade asphalt over a 16 inch road-bead in a challenging, undulating layout (with 16 turns and 400 feet of elevation change per lap) dedicated to individuals and families who are passionate about motorsports. 2 hours east of Portland traveling along the Columbia Gorge, ORP is a family destination with an array of services and amenities, including professional instruction, track-side support, premium car storage, race car rentals, private race schools for novice to experienced track enthusiasts, corporate entertainment, beautiful scenery, and private access and track days through the Oregon Raceway Park Club organization.
Fire protection storage and hydrant system in place, along with modern restrooms with showers, an aid room for EMT use, 2 pump, 2 tank above ground fuel dock, paved paddock and pre-grid areas, and a 12-bay garage building.
The 434 acre parcel includes 100+ acres of undeveloped land and is in both an Opportunity and Enterprise zone - many redevelopment and/or R&D possibilities. With multi-use permitted as part of the master plan, the property in specially zoned for its use (Motor Sports Park Complex - MSC-1). Income generating garage leases currently in place, along with a farming contract for the undeveloped portion of the property.
Property to be sold concurrently with associated business, Pacific Motorsports Management, LLC. Business financials available with signed NDA. Ownership requires that all current racetrack reservations, bookings, leases and contracts be honored.