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7400 Shasta Ave

2.84 - 5.98 Acre Commercial Land Lots Offered at $2,560,000 - $5,440,000 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. Zoned for both Residential and Residential Acreage. 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. Permited for 216 Apartments.

Data Room Click Here to Access

Property Facts

Price $2,560,000 - $8,000,000
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 $2,560,000
Price Per AC $901,412
Lot Size 2.84 AC

2 lots - 2 APN - Selling together - 8.82 acres - price $8,000,000 2.84 acre - $2,560,000.00 APN/Parcel ID 117-0202-041 5.98 acre $5,440,000.00; APN/Parcel ID 117-0202-042

Lot 2

Price $5,440,000
Price Per AC $909,698
Lot Size 5.98 AC

2 lots - 2 APN - Selling together - 8.82 acres - price $8,000,000 2.84 acre - $2,560,000.00 APN/Parcel ID 117-0202-041 5.98 acre $5,440,000.00; APN/Parcel ID 117-0202-042

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)
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.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 117-0202-041
  • 117-0202-042
Land Assessment
$6,970,680
Improvements Assessment
$0
Total Assessment
$6,970,680

zoning

Zoning Code OB
OB
  • Listing ID: 31600079

  • Date on Market: 4/24/2024

  • Last Updated:

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

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