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Multi-Family

Lincoln Land

2030 5th St, Lincoln, CA 95648

Listing Price: $2,525,000

Lot Size
4.90 acres
Price/Acre
$515,306
Land Type
Land

Investment Overview

Marcus & Millichap is proud to present 2030 5th Street, Lincoln California. The subject property is 4.9 Acres, covering two parcels, and zoned for multi family. In today's environment, apartments have been one of the fastest growing sectors of commercial real estate. With single-family homes at all time highs, residents are finding apartment living the way to go. Lincoln has been one of the fastest growing cities in Northern California for years. 2030 5th Street provides the right buyer the opportunity to build apartments on two infill parcels, surrounded by single-family homes, in a highly desirable location. From 2000-2010, Lincoln experienced growth of 282 percent, making it the fastest growing city in the US for over 10 years. That growth continues today with more and more residents looking for affordable housing close to Sacramento. Today, the population stands at just under 50,000, and has grown 22.9 percent since the beginning of 2020. Median income is now above $70,000, making it a strong location for apartment development, as the builder can safely assume there will be residents looking for a place to live, willing to pay strong rents with a lower development cost then nearby Sacramento. As more and more Californians look for Housing outside the downtown core with more space, Lincoln appears to be the right city at the right time, and this property should benefit from all of these factors to provide the buyer with strong upside potential. Located just a few minutes off of Highway 70, close to Interstate 80, yet within a quite residential area, 2030 5th provides the buyer with many options for development and a city willing to support the project.

Investment Highlights

  • Opportunity to Acquire 4.9 Acres, zoned for Multi Family Residential in a growing City with Easy Access to Shopping and Freeway
  • Good Area, in the Path of Progress
  • Supportive City Staff, Would Like to See Apartments Constructed on the Subject Property

Exclusively Listed By

Financing By

Multi-Family

Lincoln Land

Listing Price: $2,525,000

Lot Size
4.90 acres
Price/Acre
$515,306
Land Type
Land

Investment Highlights

  • Opportunity to Acquire 4.9 Acres, zoned for Multi Family Residential in a growing City with Easy Access to Shopping and Freeway
  • Good Area, in the Path of Progress
  • Supportive City Staff, Would Like to See Apartments Constructed on the Subject Property

Investment Overview

Marcus & Millichap is proud to present 2030 5th Street, Lincoln California. The subject property is 4.9 Acres, covering two parcels, and zoned for multi family. In today's environment, apartments have been one of the fastest growing sectors of commercial real estate. With single-family homes at all time highs, residents are finding apartment living the way to go. Lincoln has been one of the fastest growing cities in Northern California for years. 2030 5th Street provides the right buyer the opportunity to build apartments on two infill parcels, surrounded by single-family homes, in a highly desirable location. From 2000-2010, Lincoln experienced growth of 282 percent, making it the fastest growing city in the US for over 10 years. That growth continues today with more and more residents looking for affordable housing close to Sacramento. Today, the population stands at just under 50,000, and has grown 22.9 percent since the beginning of 2020. Median income is now above $70,000, making it a strong location for apartment development, as the builder can safely assume there will be residents looking for a place to live, willing to pay strong rents with a lower development cost then nearby Sacramento. As more and more Californians look for Housing outside the downtown core with more space, Lincoln appears to be the right city at the right time, and this property should benefit from all of these factors to provide the buyer with strong upside potential. Located just a few minutes off of Highway 70, close to Interstate 80, yet within a quite residential area, 2030 5th provides the buyer with many options for development and a city willing to support the project.

Exclusively Listed By

Financing By

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