67254 Highway 299 E - Commercial LAND FOR SALE


Cedarville, CA 96104 51,487,920 SF
$33,000,000 USD
530-263-5506
67254 Highway 299 E, Cedarville, CA for Sale
$33,000,000 USD
Commercial LAND - FOR SALE
1/24
51,487,920 SF

67254 Highway 299 E
Cedarville, CA 96104


HIGHLIGHTS

  • $4 million in awarded grants with strong state support for geothermal development
  • California Energy Commission report: “The productivity is among the highest levels seen in the geothermal industry.”
  • Independent GeothermEx appraisal: Thermal energy equivalent to 400–800 barrels of oil per day (potentially up to $20.4 M annually at $70/barrel)
  • Flexible AG (General Agricultural) zoning allows for resort expansion, wellness retreats, greenhouses, manufacturing, or future subdivision
  • Mineral rights included across all 1,182 acres.
  • Strategic federal land adjacency: 2,018 neighboring acres are nominated for inclusion in a future BLM California geothermal land auction

OVERVIEW

This unique dual-income opportunity combines a fully operational 22-room resort with a validated geothermal energy resource, offering both immediate cash flow and long-term energy upside. The resort features private mineral baths in every unit and utilizes geothermal heating to significantly reduce operating costs, ensuring strong margins and sustainable operations. Spanning approximately 1,182 contiguous acres, the property includes existing infrastructure such as roads, wells, and resort systems, which substantially reduces development risk. A third-party analysis by GeothermEx confirms the geothermal resource, supported by test wells and technical studies, positioning the site for commercial-scale energy production. With approximately 20 MW of transmission access already in place, the project offers a clear path to grid connection, minimizing interconnection risk and accelerating development timelines. The geothermal resource provides baseload renewable energy with 24/7 generation potential and a high capacity factor, making it an increasingly scarce and highly valued energy profile. This platform offers scalability, with initial development potential of around 20 MW and room for multi-phase expansion. The existing resort serves as a proven use case for geothermal utilization, validating resource reliability, long-term sustainability, and direct-use applications alongside utility-scale power generation.

FOR SALE DETAILS

PRICE

$33,000,000 USD

PRICE/ACRE

$27,919/AC

PRICE/SF

$0.64 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Surprise Valley

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Industrial, Mixed Use, Hospitality, Casino, Distribution, Hotel, Industrial Park, Office Park, Planned Unit Development, Single Family Development, Specialty/Festival/Entertainment, Water Treatment Facility, Agricultural, undefined

LAND ACRES

1182 AC

LAND SF

51,487,920 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Telephone

ZONING

AG/Commercial

APN/PARCEL ID

033-020-031-000,033-070-015-000,033-070-023-000,033-070-060-000,32250001000,32250002000,32250003000,32250004000,32250005000,32250006000,32250007000,32250008000,32250009000,32250010000,32250011000,32250012000,32250013000,32250014000,32250015000,32250016000

ASK ABOUT THIS PROPERTY

Regina LasleyKeller Williams Realty Nevada CountyMore Info
530-263-5506

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Regina LasleyKeller Williams Realty Nevada CountyMore Info
530-263-5506

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.