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Walerga Road & Elkhorn Blvd - Possible High Density Residential Development 0.97 - 1.51 Acre Commercial Land Lots Offered at $559,370 - $839,756 CAD Per Lot in Sacramento, CA 95842
Investment Highlights
- Infill development opportunity
- Less than 2 miles from I-80
- Near shopping, schools, and public transportation
- Utilities at Walerga Road
Property Facts
3 Lots Available
Lot 1
| Price | $559,370 CAD | Lot Size | 0.97 AC |
| Price Per AC | $577,260.52 CAD |
| Price | $559,370 CAD |
| Price Per AC | $577,260.52 CAD |
| Lot Size | 0.97 AC |
Zoning: RD-20 (High Density Multifamily Residential) with potential for up to 40 units per acre
Lot 2
| Price | $839,756 CAD | Lot Size | 1.51 AC |
| Price Per AC | $556,129.84 CAD |
| Price | $839,756 CAD |
| Price Per AC | $556,129.84 CAD |
| Lot Size | 1.51 AC |
Zoning: LC (Limited Commercial), but permitted for residential development with minimum 20 units per acre and potentially up to 40 acres per unit
Lot 3
| Price | $699,563 CAD | Lot Size | 1.20 AC |
| Price Per AC | $582,969.21 CAD |
| Price | $699,563 CAD |
| Price Per AC | $582,969.21 CAD |
| Lot Size | 1.20 AC |
Zoning: LC (Limited Commercial), but permitted for residential development with minimum 20 units per acre and potentially up to 40 acres per unit
Description
Commercial or residential infill development opportunity near southwest corner of Elkhorn Blvd and Walerga Road in Sacramento County with close proximity to I-80, less than two miles to the east. Subject is bordered by a shopping center (north), Highlands High School (south), multifamily (east) and single family (west). The site is generally level with all utilities available from Walerga Road. Opportunity to acquire all three parcels comprising 3.77 acres for potential multifamily development with minimum density of 20 residential units per acre, but possibly up to 40 units per acre due to close proximity to public transit (less than 1/4 mile away). Reduced asking price of $1,399,000 when purchasing all three parcels combined.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $516,333 CAD | Total Assessment | $516,333 CAD |
Property Taxes
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Walerga Road & Elkhorn Blvd - Possible High Density Residential Development
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