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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
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
  • Upon Request
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

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (99)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 29717187

  • Date on Market: 10/10/2023

  • Last Updated:

  • Address: 1218 Alhambra Blvd, Sacramento, CA 95816

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