Urban Infill Development Opportunity 2 biens • Terrain • À vendre 1 085 756 $ CAD • Sacramento, CA

816 + 820 14th Street (the “Property”) is a unique and rare opportunity for development of residential multifamily, commercial mixed-use, office, or retail projects. The Property consists of one (2) parcels, approximately ± 6,249 square feet of land centrally located on 14th Street between the H and I Street corridors. The Property is currently vacant, sits at the corner midblock along 14th Street, a truly “bite-size” parcel opportunity for an ambitious developer.
The Property also sits in a Qualified Opportunity Zone, which can provide economic and tax benefits to an owner who chooses to develop on the Property. More information can be found on the State of California Opportunity Zones website.
The corridor has seen a growing residential presence, with market-rate housing at H16, Eleanor, and The Mansion Apartments, as well as new affordable housing at Lavender Courtyard. Additional multifamily projects, including Studio 30, Esperanza at 424 12th Street, and The Grace at 1430 G Street, further reinforce the area’s increasing demand for housing and commercial space.
The Property benefits from its proximity to Golden 1 Center, a 780,000 SF, 17,500-seat arena that has spurred Downtown’s transformation, driving demand for both residential and commercial real estate. It is surrounded by key destinations, including the UC Davis Health Pavilion, the Convention Center, the Esquire IMAX Theatre, and the Capitol. The area also offers a diverse mix of locally owned businesses such as Milka Coffee Roasters, Mikuni Sushi, Hiso, G Street Cafe, Immortal Cafe, Kumi Sushi, and Sampino’s Towne Foods. Cultural venues like the California Musical Theatre, Sacramento Theatre Company, and Memorial Auditorium add to the neighborhood’s vibrancy, while Muir Playground and the American River Bike Trail provide convenient outdoor recreation.