2131 16th ST, Sacramento, CA 95818 – 225114761

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

Nov

Sat

Nov

Sun

Nov

Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$2,900,000

Est. payment - /mo

0.45 Acres Lot

Save

UPDATED:

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

Read Less Info

Listed by CBRE Inc.

Get More Information

Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

Quick Search

2131 16th ST Sacramento, CA 95818

Sean Beattie Jr.

Key Details

Location

Exterior

Building

Schools

Others

Get More Information