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Listed by Kelly Rivett • Cornish & Carey Commercial
$1,200,000
Est. payment /mo
0.79 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Other Commercial Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81997951
Lot Size 0.793 Acres
Property Sub-Type Other Commercial Land
Property Description
An infill developer/investor opportunity to acquire a .79/acre single infill parcel in the City of Sacramento. Located within an Opportunity Zone, this parcel is zoned R-3 and is fully approved and entitled for a three-story, 24 unit senior multifamily building. The proposed development, Luther Gardens, Apartment for Seniors; offers a fantastic opportunity to capitalize on the growing demand for senior housing in an neighborhood with close proximity to medical facilities, shopping centers, schools, freeways, and public transportation.
Location
State CA
County Sacramento
Area Sacto Franklin/Freeport/Vicinity - 10823
Zoning R-3
Exterior
Fence Chain Link
Utilities Available Electricity - Available at Street, Gas - Available at Street
Building
Lot Description Grade - Level, Regular
Sewer Sewer - Public, Other
Water Water Available at Street
Others
Tax ID 049-0010-106-0000
Horse Property No
Special Listing Condition Not Applicable
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