2330 Lexington Street

Arden-Arcade

2330 Lexington Street

Region: Arden-Arcade
Use: Land / Industrial
Lot Size: 1.43 acres
Lease or Sale: Sale
Sale Price: $618,416

Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to acquire the 100% fee simple interest in the City of Sacramento Redevelopment Agency Successor Agency land located at 1116-1120 Dixieanne Ave, 2323 Selma Street, and 2330-2334 Lexington Street. The parcels are located in one of the City of Sacramento’s Opportunity Zones affording developers a mechanism for tax incentives for investment.

The offering consists of five contiguous parcels totaling 61,842 square feet, or 1.42 acres, located in the City of Sacramento. The Subject Properties are in area of transition from light industrial to newer residential and multi-family and single-family uses. The Subject Properties are located squarely between El Camino Ave and Arden Way, two prominent access points to I-80 Business. I-80 Business provides efficient access to Downtown Sacramento and Highway CA-99 to the south and Interstate 80 to the north. The Property is under 1.5 miles away from Arden Fair Mall. Additionally, the property is situated less than 400 feet from the Swanston Regional Transit Blue Line Station. The Blue Line services stations from North Sacramento, through the Downtown Central Business District, past Sacramento City College, and eventually Consumes River College in Elk Grove.

The Subject Properties are zoned RMX-Residential Mixed Use. RMX permits a myriad of commercial uses ranging from single and multi-family residential units; office and retail buildings; and conditional industrial uses.
The ownership is marketing all five parcels together.

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