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1218 Alhambra Blvd
0.77 Acres of Commercial Land for Lease in Sacramento, CA 95816
Highlights
- Most economically feasible development opportunity in NorCal
- SPD zoning allows for medical, hospitality, multi-family, retail and office
- $0.50 per SF per month - 4.5% land lease rate 40% less than current interest rates
- Best development opportunity in the Sacramento Region
- High density FAR of up to 6:1.
- Surrounded by all four major hospitals
Lot Available
Display Rental Rate as
Rental Rate |
|
Lot Size | 0.77 AC |
Lease Term | Negotiable |
Rental Rate | |
Lease Term | Negotiable |
Lot Size | 0.77 AC |
$0.50 Per SF per Month
Property Overview
Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to lease The Alhambra Block (the “Property”), four parcels totalling ± 33,689 square feet located adjacent the Capital City Freeway along East Sacramento’s busiest thoroughfares. The Property is being offered at a lease rate of $.50 per square foot (SF) per month representing a developer cost of 4.5% on estimated land value of $100/SF. This developer cost is approximately 50% of current land/construction lending rates. Within blocks of all four major hospitals the Alhambra Block provides an ideal location for multiple development applications including medical, hospitality, multi-family and senior housing. The site is further benefitted by immediate egress and ingress to Interstate 50 and 80 and directly adjacent to L Street and 2 blocks south of J Street, the two major east west corridors to Sacramento’s Midtown and Downtown submarkets. Further benefitted by an idyllic location nestled between a myriad of East Sacramento’s most desirable eateries and cafes and one block from a Safeway grocery, the Alhambra Block is arguably the most desirable development opportunity in the Sacramento Region.
PROPERTY FACTS
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1218 Alhambra Blvd
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