1020 21st St - 21K 0.73 Acres of Commercial Land Offered at $7,817,152 CAD in Sacramento, CA 95811

Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to acquire fee simple interest 21K, a ±32,000 SF parcel located at the northwest corner of 21st and K Streets in the heart of Midtown Sacramento.
As the largest fully entitled development site currently on the market, 21K stands out as a generational opportunity in one of Sacramento’s most supply-constrained and highly sought-after neighborhoods. The property spans more than a quarter block across three parcels and is fully entitled for 296 residential units totaling 250,595 SF—yielding a rare 7.83:1 FAR under its flexible C-2-SPD zoning. This designation allows for dense residential, commercial, retail, and office uses, giving future developers a wide range of options. The Property currently generates approximately $16,000 per month ($192,000 annually) in parking income, offering interim cash flow while development plans are advanced.
Midtown has long established itself as the city’s cultural and lifestyle hub. Home to an eclectic mix of local and national retailers, restaurants, galleries, and events, it attracts a growing base of residents—particularly renters—drawn to its energy, character, and walkability. Located within a Federal Opportunity Zone, 21K sits at the center of this dynamic environment and offers the chance to deliver much-needed multifamily housing to meet growing demand.
The site’s corner frontage on 21st and K provides exceptional visibility and street presence, along with the potential for unobstructed views in all directions—including Downtown, East Sacramento, and the Sierra Nevada range on clear days. In a district where land of this size and entitlement is increasingly rare, the positioning of 21K offers meaningful long-term appeal.
21K also benefits from outstanding regional connectivity. It’s minutes from I-5, Highway 50, and Business 80, with convenient access to light rail, bus lines, and the nearby Sacramento Intermodal Facility—home to Amtrak and future high-speed rail connections. Dedicated bike lanes and walkable sidewalks make it easy to navigate the immediate neighborhood.
With demand for urban infill at an all-time high, 21K combines size, location, entitlements, and flexibility in a way few properties can match. For developers and investors seeking to make a bold impact in California’s fastest-growing major city, this project-ready Midtown site offers a rare and compelling opportunity.