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1517 E St - 16 Townhomes development site 0.3 Acres of Commercial Land Offered at $2,371,840 CAD in Sacramento, CA 95814

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INVESTMENT HIGHLIGHTS

Shovel ready

EXECUTIVE SUMMARY

Excellent and commutable location. Treat yourself this Christmas with a high value development project.
Property Highlights
- Approval: Site Plan & Design Review approved August 28, 2024 — valid for three (3) years, through August 28, 2027.
- Zoning: Heavy Commercial (C-4-SPD) within the Central City Special Planning District.
- Project: 16 multifamily units, entirely consistent with design standards and CCSP goals.
- CEQA: Exempt under PRC §21155.4 (Transit Priority Area / Sustainable Communities Strategy consistency).
- Location: Approx. ¼ mile to SacRT Blue Line and multiple bus routes — strong transit-oriented infill opportunity.
Plans Included: Site plan, elevations, and full list of City conditions (security, lighting, utilities, Public Works, etc.)
A chance for a savvy investor, builder or developer to capitalize and leverage upon the hard ground work already done.
The property comes complete with detailed plans and City approvals. A shovel ready easy to build development project.

PROPERTY FACTS

Price	$2,371,840 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Multifamily Apartment Units Apartment Units - Condo Hold For Development Hold For Investment
No. Lots	1	Total Lot Size	0.30 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4-SPD

Price	$2,371,840 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily Apartment Units Apartment Units - Condo Hold For Development Hold For Investment
Total Lot Size	0.30 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4-SPD

1 LOT AVAILABLE

Lot

Price	$2,371,840 CAD	Lot Size	0.30 AC
Price Per AC	$7,906,133.41 CAD

Price	$2,371,840 CAD
Price Per AC	$7,906,133.41 CAD
Lot Size	0.30 AC

Fully entitled ready to build infill multifamily property development opportunity available with City approved 16-unit, 24,402 sq.ft apartment project.

DESCRIPTION

Fully entitled ready to build infill multifamily property available with City approved 16-unit, 24,402 sq.ft apartment project. Excellent and commutable location. Treat yourself this Christmas with a high value development project. Property Highlights - Approval: Site Plan & Design Review approved August 28, 2024 — valid for three (3) years, through August 28, 2027. - Zoning: Heavy Commercial (C-4-SPD) within the Central City Special Planning District. - Project: 16 multifamily units, entirely consistent with design standards and CCSP goals. - CEQA: Exempt under PRC §21155.4 (Transit Priority Area / Sustainable Communities Strategy consistency). - Location: Approx. ¼ mile to SacRT Blue Line and multiple bus routes — strong transit-oriented infill opportunity. Plans Included: Site plan, elevations, and full list of City conditions (security, lighting, utilities, Public Works, etc.) A chance for a savvy investor, builder or developer to capitalize and leverage upon the hard ground work already done. The property comes complete with detailed plans and City approvals. A shovel ready easy to build development project.

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