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707-709 E St
Sacramento, CA 95814

Downtown Sacramento Urban Infill Site · Land For Sale · 0.34 AC

Commercial Land California Sacramento 707-709 E St, Sacramento, CA 95814

Investment Highlights

  • Centrally Located on the Northeast Corner of 7th St. and E St.
  • Possible assemblage opportunity with available sites nearby (contact broker for details)
  • Near many significant infill development sites
  • Flexible zoning offers numerous potential projects
  • Proximity to The Railyards, Golden 1 Center, DOCO, Amtrak Sacramento Valley Station, and new Sacramento County Courthouse
  • Walk and bike to midtown and downtown amenities

Executive Summary

7E (the “Property”) is 14,728 square feet land centrally located on the northeast corner of 7th Street and E Street. The property consists of four (4) parcels in the City of Sacramento. The property is a prime development opportunity providing many viable options for a project, highlighted by a high-density residential multifamily or mixed-use project, or single family forsale subdivision. Under the new 2040 General Plan which went into effect on March 28, 2024, the Property has been upzoned to Residential Mixed Use (RMU) and Maximum Floor Area Ratio (FAR) of 15, providing an opportunity to develop up to 220,000+ square foot building.

PROPERTY FACTS

Sale Type Investment Property Subtype Commercial
No. Lots 1 Proposed Use
Commercial
  • Mixed Use
  • Multifamily
Property Type Land Total Lot Size 0.34 AC
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
Total Lot Size 0.34 AC

1 Lot Available

Lot

Price $1,000,000 Lot Size 0.34 AC
Price Per AC $2,957,635
Price $1,000,000
Price Per AC $2,957,635
Lot Size 0.34 AC

High density infill development site in Downtown Sacramento

Description

The Property is in a highly desirable residential neighborhood setting walking distance to dining, shopping, entertainment, and transit. In the epicenter of Downtown Sacramento, the Property is just steps away to The Railyards master planned development, including the recently completed Wong Center Senior Apartments and The A.J. Luxury Apartments, with the proposed Kaiser Hospital underway. The Property is mere blocks from 16th Street and 12th Street which are two main arterial streets of Downtown and 12 blocks from the Golden 1 Center, DOCO, K Street nightlife, restaurants, as well as major employment centers. The Property provides walkability to most of the urban core, without sacrificing ancillary parking options, privacy, or noise.

PROPERTY TAXES

Parcel Numbers
Multiple
  • 002-0105-016
  • 002-0105-026
  • 002-0105-014
  • 002-0105-013
 Improvements Assessment $0
Land Assessment $320,579 Total Assessment $320,579

PROPERTY TAXES

Parcel Numbers
Multiple
  • 002-0105-016
  • 002-0105-026
  • 002-0105-014
  • 002-0105-013
Land Assessment
$320,579
Improvements Assessment
$0
Total Assessment
$320,579

zoning

Zoning Code OB-SPD (Office Business Low-Rise Mixed-Use Zone: Special Planning Districts)
OB-SPD (Office Business Low-Rise Mixed-Use Zone: Special Planning Districts)
 

  • Listing ID: 31585521

  • Date on Market: 4/23/2024

  • Last Updated:

  • Address: 707-709 E St, Sacramento, CA 95814

More public record information on 707-709 E St, Sacramento, CA 95814

The Land Property at 707-709 E St, Sacramento, CA 95814 is currently available for sale. Contact CBRE for more information.

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