Lot Size: 0.22 acres
Lease or Sale: Sale
Sale Price: $1,200,000
15G (the “Property”) is 9,497 square feet land centrally located on the northwest corner of 15th Street and G Street. The Property consists of two (2) parcels, APN: 002-0132-010-0000; 002-0132-009-0000, with split zoning designation: C-2 General Commercial and R3-A Residential-Traditional, Neighborhood Medium Density. The Property is a flag-shaped site, measuring approximately 160 feet long, 80 feet at the widest end, and 39 feet at the narrow end.
The Property is a rare corner location in a highly desirable residential neighborhood setting. The Property benefits from adjacent proximity to The Mansion, a premier high-density mixed-use project of 186 units, currently under construction for delivery in early 2022, and H16 Midtown project of 95 units recently completed April 2020.
In the epicenter of Midtown and Downtown Sacramento, the Property is mere blocks from J Street and less than 10 blocks from the Golden 1 Center and DoCo, nightlife, restaurants, as well as major employment centers. The Property provides walkability to most of the urban core, without sacrificing ancillary parking options, privacy, or noise.
The Property is a prime development opportunity that can potentially yield up to 62 units in a project of five stories. The sale of the Property includes conceptual designs and plans, as well as clean Phase I and II reports and ALTA site survey. The Property provides many viable options for a project, highlighted by a high-density multifamily or mixed-use development.
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Lease or Sales: Lease & Sale
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