Land in Sacramento, CA — Sale in Sacramento, CA

  • Price: $5.7M
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Sacramento, CA 95834

Description

Residential Development Site in North Natomas CBRE is pleased to present the opportunity to acquire a prime ±10.13-acre site for development of muilti-family 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. 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.

Market Context

This land in Sacramento, CA is listed for sale at $5,650,000. It has been on the market for 196 days. Compare it against other land listings for sale in Sacramento, CA — view the full market.

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