Investment Overview

Marcus & Millichap is pleased to exclusively present a 0.34 acre / ± 15,000 square foot site prime for mixed-use redevelopment or an owner/user opportunity in Sacramento, California. The property is located in the Folsom Boulevard West Special Planning District within walking distance to Sacramento State University. The property is surrounded in one of the most active redevelopment markets in Sacramento with over ±1,375 units of newly constructed student apartments completed and another ±2,845 apartment units proposed and under construction. The property is located one block away from the highway 50 on ramp. The 65th Street Light Rail Station is located within walking distance that services Folsom to Downtown Sacramento. The Zoning allows for redevelopment and the use of many business that can serve the surrounding population. From multi-unit retail and apartments, residential hotels, child care services, fitness uses, restaurants, retail stores, bars and nightclubs, and alcoholic beverage sales. Buyer to confirm their use is compliant with the City of Sacramento Zoning Department. The property has four separate electrical and gas meters plumbed to the property and the property could be demised into four small retail units. A recent Phase I was completed and clear on the property and zoned for 45 feet of vertical construction mixed use.