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Listed by Kelly Rivett • Cornish & Carey Commercial
$ 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
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82022132
Lot Size 1.600 Acres
Property Sub-Type Residential Development Land
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
Area Sacto Rosemont/College Greens/Mayhew - 10826
Zoning C-2
Exterior
Fence Complete Perimeter, Electrified, Fenced
Utilities Available Electricity - On Site, Gas - On Site, Public Utilities
Present Use Commercial,Other
Building
Lot Description Grade - Level, Regular
Sewer Sewer - Public, Sewer Connected
Water Public, Water On Site
Others
Tax ID 079-0222-021-0000
Horse Property No
Special Listing Condition Not Applicable
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Eduardo Huerta And Lizzeth Flores
REALTOR®, Mortgage Loan Originator, Broker-Owner | Lic# Ed: 1391479