11650 Douglas rd
4.38 Acres of Commercial Land Offered at $3,000,000 in Rancho Cordova, CA 95742
Investment Highlights
- Super Hot Corner of Douglas & Sunrise
- Super Hot Location Surrounded by Explosive Growth & Development
- 4.38-Acre Site Entitled for 120-Unit Tri-Level Apartment Complex
Executive Summary
Global I.N. Inc is pleased to present the opportunity to acquire a 4.38-acre site located at 11650 Douglas Road in Rancho Cordova, CA. The property has been entitled for a 120-unit apartment complex featuring eleven 3-story apartment buildings. There are 78 one-bedroom units, 18 two-bedroom units and 24 three-bedroom units. Plans also include a 1,280 sq. ft. clubhouse that features a lounge, fitness center, an office, and restrooms. Adjacent to the clubhouse building is a 990 sq. ft. outdoor, fenced-in pool area for residents. A playground has also been incorporated into the project site. The project also includes 186 parking spaces and a total of 29 short and long term bicycle parking spaces. A large shopping center, anchored by Raley’s grocery store is a short walk to the east of the project site.
The intersection of Sunrise Boulevard and Douglas Road is an affluent high traffic area, with Sunrise Boulevard expanded to six lanes and Douglas Road to five lanes. The site is adjacent to Sacramento’s #1 employment center, Prospect Park, which employs approximately 87,000 people and contains approximately 45 million square feet of commercial space. It is also surrounded by over 35,000 new homes.
The intersection of Sunrise Boulevard and Douglas Road is an affluent high traffic area, with Sunrise Boulevard expanded to six lanes and Douglas Road to five lanes. The site is adjacent to Sacramento’s #1 employment center, Prospect Park, which employs approximately 87,000 people and contains approximately 45 million square feet of commercial space. It is also surrounded by over 35,000 new homes.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot
Price | $3,000,000 |
Price Per AC | $684,931.51 |
Lot Size | 4.38 AC |
4.38-Acre Site Entitled for 120-Unit Tri-Level Apartment Complex.
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PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $1,529,989 | Total Assessment | $1,529,989 |
zoning
Zoning Code | cg (The property is zoned General Commercial by the City Zoning Code and is located within the Commercial Mixed Use (CMU) designation of the General Plan) |