PRICING: $4,000,000.00
$1,020,408.10 per Acre
REGION:
Sacramento, CA
AVAILABILITY:
+/- 170,755 sq ft / +/- 3.92 acres
ZONING:
R-3 Multi-Family Residential
29 units / Acre
OPPORTUNITY:
Multi-Family Residential
The building consists of approximately 12,576 square feet sitting on 3.92 acres of Multi Family Residential Zoned Land. The property allows for convenient ingress and egress on to Norwood Ave a major arterial in Sacramento. The building was built in 1966 and is currently operating as a Church.
The property is located near dense residential communities as well as a variety of office and retail users. The property offers amazing access to Interstate 80 and has potential visibility from the freeway.
Greater Sacramento straddles two key regions of California. The Central Valley and the Sierra Nevada mountains and is overlapp
ed by the cultural influences of three areas, the Bay Area, Eastern Caifornia and Northern California. An increasing phenomenon taking shape in Greater Sacramento is growth of urban sprawl as Sacramento and its metropolitan area continue to expand.
The growth is due in part to first, higher costs of living in the Bay Area which have caused commuters to move as fas as Yolo and Sacramento counties and more recently, growth and rising living costs in the core of Sacramento, building up more areas in the surrounding counties for commuters.
