For Sale
$1,000,000

709 E St Sacramento, CA 95814

Prime Downtown Sacramento development opportunity. Upzoned RMU.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 14,728 square foot commercial land parcel, situated at the northeast corner of 7th and E Streets in Sacramento, CA (95814), presents a remarkable high-density infill development opportunity. Comprising four parcels, this property is ideally positioned within a thriving urban core, offering unparalleled access to a vibrant mix of dining, shopping, entertainment, and public transportation. The recent upzoning to Residential Mixed Use (RMU) under the 2040 General Plan (effective March 28, 2024), allows for a Maximum Floor Area Ratio (FAR) of 15, unlocking the potential to develop a building exceeding 220,000 square feet. This prime location is within walking distance of the Railyards master-planned development, including recently completed luxury apartments and a proposed Kaiser Hospital. Its proximity to major arterial streets (16th and 12th Streets), the Golden 1 Center, DOCO, and K Street's vibrant nightlife and restaurants, ensures strong demand and high occupancy rates. The property offers the unique advantage of walkability to the urban core without compromising on parking, privacy, or noise reduction. This is an exceptional investment opportunity for developers seeking to capitalize on Sacramento's dynamic growth and high demand for residential and mixed-use developments. The asking price is $1,000,000.

Highlights

  • $1,000,000 asking price.
  • 14,728 square foot land parcel in Sacramento, CA.
  • Prime development opportunity, upzoned to Residential Mixed Use (RMU) with a 15 FAR, allowing for a 220,000+ square foot building.
  • Centrally located in Downtown Sacramento, near dining, shopping, entertainment, transit, and major employment centers.

Property Details for 709 E St

Property type
Land

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.5870303
Longitude
-121.4944565

FAQs

What type of property is this?
Land - Prime Downtown Sacramento development opportunity. Upzoned RMU.
Where is the land located?
The property is located at 709 E St Sacramento, CA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: $1,000,000 asking price.; 14,728 square foot land parcel in Sacramento, CA.; Prime development opportunity, upzoned to Residential Mixed Use (RMU) with a 15 FAR, allowing for a 220,000+ square foot building.
How can I contact the broker?
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709 E St
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