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$1,000,000

Est. payment - /mo

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0.34 Acres Lot

Active

709 E ST Sacramento, CA 95814

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Desmond Sandy

desmond@sandyrealestategroup.com +1(530) 263-1925

UPDATED:

04/03/2024 01:53 AM

Key Details

Property Type Vacant Land

Sub Type Residential Lot

Listing Status Active

Purchase Type For Sale

MLS Listing ID 224032037

HOA Y/N No

Originating Board MLS Metrolist

Lot Size 0.338 Acres

Acres 0.3381

Property Description

HIGH-DENSITY INFILL DEVELOPMENT SITE IN DOWNTOWN SACRAMENTO. 7E is 14,728 square feet / .388 acre of land centrally located on northeast corner 7th St & E St. Four (4) parcels in the City of Sacramento are prime development opportunity with many viable options: multifamily apartments, mixed-use project, or single family for sale subdivision. There is a possible assemblage opportunity with available sites nearby. Under the new General Plan, the Property has been upzoned to Residential Mixed Use (RMU) and Maximum Floor Area Ratio (FAR) of 15, allowing for a building area 15 times the lot area, equates to 220,920 SF. Highly desirable, historic Alkali Flat residential neighborhood is the ideal setting for development. The Property is walking distance to dining, shopping, entertainment, and transit. In the epicenter of Downtown, it is just steps away to The Railyards master planned development, including recently completed Wong Center Apartments, The A.J. Luxury Aparments, Golden1 Center (GO KINGS!), Downtown Commons (DOCO), K Street nightlife, Amtrak Station, and the new proposed Kaiser Hospital underway. The Property provides walkability to most of the urban core, without sacrificing ancillary parking options, privacy, or noise. Make your mark on Downtown!

Location

State CA

County Sacramento

Area 10814

Zoning RMU

Direction North on 8th Street, left on E Street

Exterior

Utilities Available Public

Water Access Desc Public

View Downtown

Topography Level

Road Frontage City Street

Building

Lot Description Public Trans Nearby, Security Gate, Flag, Sidewalk(s), Storm Drain(s), Street Light(s)

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 002-0105-013

Special Listing Condition Offer As Is

Listed by CBRE Inc.

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Desmond Sandy

Agent | License ID: 02083867

+1(530) 263-1925