3348 S Street
Region: East Sacramento
Lot Size: 0.24 acres
Lease or Sale: Sale
Sale Price: $800,000
The subject property is a 10,334 SF parcel at the southwest corner of S Street 34th Street in East Sacramento.
The parcel is in the process of being subdivided into seven parcels, poised for development of seven high-end townhomes, approximately 1,450 – 1,551 square feet. Each home would be three stories and include balconies facing either 34th Street or to the shared driveway. Each townhome will have similar but unique designs and floor plans, with modern accent colors and materials complementary of the surrounding neighborhood. The architecture of the townhomes will have a distinct streetscape presence. Exterior materials for the homes include brick, composite plank and panel siding, metal coping at the parapet, metal railings, and garage doors with translucent panels.
The property is occupied by a vacant commercial building that was most recently operated as Morgan’s Bar & Grill. The building is currently damaged due to a recent fire and not salvageable.
The property is a prime development opportunity with approved entitlements, including rezone, tentative subdivision map, site plan and design review, off-site improvement plan and tree removal permit. The new parcels range in size: the prominent corner lots are 2,129 SF and 2,154 SF, the back corners are 1,639 SF and 1,740 SF, and the three interior lots are 1,126 SF and 1,173 SF. The seven contemporary townhomes are all proposed to face east towards 34th Street, with all homes having vehicle access and garages accessed from a private drive off of S Street. Due diligence document package available upon request.
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 3,162 - 7,143 SF
Lease Rate: $1.50 - 3.50 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000