7400 Shasta Ave - Prime Location, One Of The Only Left In Sac

2.84 - 5.98 Acre Commercial Land Lots Offered at $2,840,000 - $7,400,000 Per Lot in Elk Grove, CA 95758

INVESTMENT HIGHLIGHTS

  • Zoned for both Residential and Residential Acreage.
  • 8.82-acre parcel presents an exceptional opportunity for residential and commercial development.
  • Situated on the border of Sacramento and Elk Grove
  • Second-largest city in the Sacramento region

EXECUTIVE SUMMARY

Situated on the border of Sacramento and Elk Grove. 8.82-acre parcel presents an exceptional opportunity for residential and commercial development. Ideal for nursing homes, apartment complexes, townhomes, single family residence homes or a commercial strip plaza. Opposite to Consumnes River College. Elk Grove is the Second-largest city in the Sacramento region with 52,000 households with a median income of $84,827. The land have easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. Across the street from public park and public library.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $2,840,000 - $10,240,000
Sale Type Investment
No. Lots 2
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Apartment Units
  • Master Planned Community
  • Storefront, Retail or Residential
  • Single Family Residence
Total Lot Size 8.82 AC

2 LOTS AVAILABLE

Lot 1

Price $2,840,000
Price Per AC $1,000,003.52
Lot Size 2.84 AC

2 lots - 2 APN - Selling separate or together - 8.82 acres 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 (Multifamily Zoning, 15 units/acre) 5.98 acre $7400,000.00; APN/Parcel ID 117-0202-042 (Single or Multifamily Zoning, 15 units/acre)

Lot 2

Price $7,400,000
Price Per AC $1,237,457.37
Lot Size 5.98 AC

2 lots - 2 APN - Selling separate or together - 8.82 acres 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 (Multifamily Zoning, 15 units/acre) 5.98 acre $7,400,000.00; APN/Parcel ID 117-0202-042 (Single or Multifamily Zoning, 15 units/acre)

DESCRIPTION

Seize this golden opportunity to shape the future of Elk Grove's real estate landscape. Whether you're envisioning residential communities, apartment complexes, or a commercial strip plaza, this prime location has the potential to elevate your investment portfolio.

Bike Score®
Very Bikeable (72)

PROPERTY TAXES

ZONING

Zoning Code OB
  • Listing ID: 31600079

  • Date on Market: 4/24/2024

  • Last Updated:

  • Address: 7400 Shasta Ave, Elk Grove, CA 95758