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$ 4,400,000
Est. payment | /mo
1.6 Acres Lot
$ 4,400,000
Est. payment | /mo
1.6 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82022132
HOA Y/N No
Lot Size 1.600 Acres
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 7400 Folsom Boulevard, a prime infill multifamily development site located in Sacramento, California. Located within a ¼ mile from California State University, Sacramento (CSUS), this opportunity is ideal for any investor/ developer looking to build and capitalize on the ever-growing CSUS ( currently 31,000 students), and overall demand for student/affordable/market rate housing. This level 1.6-acre parcel is visible from eastbound U.S. Highway 50 and strategically located in Sacramentos most dynamic submarkets for residential growth along the highly transit-rich Folsom Blvd corridor.
Location
State CA
County Sacramento
Zoning C-2
Interior
Fireplace No
Exterior
Fence Electric
Utilities Available Electricity Available
View Y/N No
Present Use Commercial
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Sacramento City Unified
Others
Tax ID 07902220210000
Special Listing Condition Standard
Virtual Tour https://www.mlslistings.com/property/ML82022132/
Listed by Kelly Rivett Cornish & Carey Commercial
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Maryann Augustine
Broker-Owner | Lic# 01224089