1511 + 1517 I Street


1511 + 1517 I Street

Region: Downtown
Use: Land
Lease or Sale: Sale
Building Size: ±16,400 SF
Sale Price: $2,700,000

1511 + 1517 I Street (the “Property”) is ± 16,000 square feet of high-visibility opportunity zoned development land, currently operating as a legal and approved income producing parking lot, located on the north side of I Street between 15th and 16th Street in Downtown Sacramento. The Property consists of two (2) parcels with C-2 SPD zoning. The Property is rectangular, measuring approximately 160 feet long and 100 feet wide.

The Property is a rare Downtown infill opportunity, located in a highly desirable mixed-use neighborhood. Some of the nearby recently completed or underway mixed-use properties included The Mansion, H16 Midtown, 17 Central, 16J and 17J and Eleanor Apartments.

The Property is a prime development opportunity that could potentially yield up to 125 multifamily residential units in a project of five (5) or six (6) stories based on other projects recently approved by the City of Sacramento. The Property is currently a parking lot with approximately 37 stalls. The Property provides many viable options for a high-profile development project, high-lighted by a high-density multifamily/mixed-use development.

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