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Walerga Road & Elkhorn Blvd - Possible High Density Residential Development
0.97 - 1.51 Acre Commercial Land Lots Offered at $399,000 - $599,900 Per Lot in Sacramento, CA 95842
Investment Highlights
- Infill development opportunity
- Less than 2 miles from I-80
- Near shopping, schools, and public transportation
- Utilities at Walerga Road
Property Facts
3 Lots Available
Lot 1
| Price | $399,000 | Lot Size | 0.97 AC |
| Price Per AC | $411,761 |
| Price | $399,000 |
| Price Per AC | $411,761 |
| Lot Size | 0.97 AC |
Zoning: BP (Business Professional)
Lot 2
| Price | $599,900 | Lot Size | 1.51 AC |
| Price Per AC | $397,285 |
| Price | $599,900 |
| Price Per AC | $397,285 |
| Lot Size | 1.51 AC |
Zoning: LC (Limited Commercial)
Lot 3
| Price | $499,000 | Lot Size | 1.20 AC |
| Price Per AC | $415,833 |
| Price | $499,000 |
| Price Per AC | $415,833 |
| Lot Size | 1.20 AC |
Zoning: LC (Limited Commercial)
Description
Commercial or residential infill development opportunity near southwest corner of Elkhorn Blvd and Walerga Road in Sacramento County with close proximity to I-80, less than two miles to the east. Subject is bordered by a shopping center (north), Highlands High School (south), multifamily (east) and single family (west). The site is generally level with all utilities available from Walerga Road. Parcel offered for sale (#1 - APN #219-0032-004) is 0.97 acres ($399,000); however, the following two parcels are also available, including: #2 - APN 219-0032-008 - 1.51 acres ($599,000) and #3 - APN 219-0032-009 - 1.20 acres ($499,000). #1-3 makes reference to the labeling in attached brochure. All three contiguous parcels comprising +/- 3.77 acres can be purchased for the discounted price of $1,399,000. Parcel 1 is zoned BP (Business Professional) while parcels 2 and 3 are zoned LC (Limited Commercial). The land can be developed as multifamily with planning approval. Since the parcels are situated within 1/4 mile of a transit stop, density could achieve 40/units per acre, yielding up to 150 units (combined).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $356,706 | Total Assessment | $356,706 |
PROPERTY TAXES
zoning
| Zoning Code | LC & BP (Limited Commercial and Business Professional) |
| LC & BP (Limited Commercial and Business Professional) |
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Walerga Road & Elkhorn Blvd - Possible High Density Residential Development
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