2549-2599 Arena Blvd - Residential Development Site in North Natomas 10.13 Acres of Commercial Land Offered at $7,733,664 CAD in Sacramento, CA 95834

CBRE is pleased to present the opportunity to acquire a prime ±10.13-acre site for development of multifamily apartments or single-family homes, at 2549-2599 Arena Boulevard in Sacramento, California. 2549 Arena Blvd provides a strategic investor or developer an opportunity to acquire a desirable, fully entitled land site with the flexibility to modify plans to create their own vision given the range of options available. Located in the highly amenitized and rapidly expanding North Natomas submarket, the site is conveniently less than 5 miles from Downtown Sacramento and 6 miles to Sacramento International Airport (SMF). The site has approved entitlements to construct a 282-unit luxury apartment community. The project is a mix of (32) studios, (150) one bedroom one-bathroom and (100) two- bedroom two- bathroom units. The site also has a conceptual site plan and designs for (191) for-sale single-family residential townhomes. The City of Sacramento updated the General Plan and zoning allows for a higher density project with a maximum Floor to Area Ratio (FAR) of 4.0. The site’s configuration on Arena Blvd and E Commerce Way provides landmark identity and high visibility, making this location a prime opportunity for residential development.