CA > Sacramento
Sacramento, CA 95818,2131 16th ST
Sacramento, CA 95818,2131 16th ST
Sacramento, CA 95818,2131 16th ST
Sacramento, CA 95818,2131 16th ST
Sacramento, CA 95818,2131 16th ST
Sacramento, CA 95818,2131 16th ST
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Lindsay Almberg

Lindsay Almberg

+1(916) 709-0102
$ 2,900,000
Est. payment | /mo

0.45 Acres Lot

Save
$ 2,900,000
Est. payment | /mo
Save

0.45 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Residential Lot

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225114761

HOA Y/N No

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Residential Lot

Source MLS Metrolist

Property Description

Shovel-ready development project in Midtown Sacramento. High-quality urban infill site +/-.44 acres with fully approved entitlements for mixed-use multifamily development with two versions: 60 units in 5 story building and 31 units in 3 story building. Prominently situated on the NE corner of 16th & V Streets, providing high visibility identity signage for retail/commercial. A stone's throw from Ice Blocks, the site is a natural extension of the vibrant R Street Corridor - most sought-after submarket of Sacramento. 16th St. is the spine of the urban core connecting to premier retail, dining, nightlife in Midtown, & major employment centers in Downtown. Residents enjoy short bike ride to Golden1 Center, DOCO, Land Park, Midtown Farmers Market, Target, Safeway, and Sacramento's best amenities and entertainment. Site Plan & Design Review are fully approved to construct 57,950 sq ft 60-unit mixed-use building incl. 3 live-work units, 21 parking stalls, 50376 sq ft commercial/retail space. Mix of studios, 1-bed & 2-bed. Since entitlements approved, owner got approvals for 31-unit project to get higher parking ratio, higher rents, & value-engineering construction type. The result provides a buyer with flexibility, cost savings, and certainty to pull permits and break ground quickly!

Location

State CA

County Sacramento

Area 10818

Zoning C-2-SPD

Direction 16th Street and V Street

Exterior

Utilities Available Public

Water Access Desc Public

Topography Level

Road Frontage City Street

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 009-0154-023

Special Listing Condition None

MetroList® Services, Inc
Listed by CBRE Inc.
Lindsay Almberg

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(916) 709-0102

casoldbylindsay@gmail.com

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2131 16th ST