58th & Broadway
1617 18th Street
58th & Broadway
Region: Oak Park/Tahoe Park/Med Center
Lot Size: 0.27 acres
Lease or Sale: Sale
Sale Price: $300,000
This small infill development site, situated inside of the well-established neighborhood of Tahoe Park, presents a unique opportunity for the investor, developer, contractor or home improvement specialist to maximize value of the real estate through building out these previously approved 6 modern townhome units. Proximity to urban employment centers including downtown, UC Davis Medical Center, Power Inn Alliance and the Highway 50 corridor.
The subject property is immediately adjacent to retail on the north of the site, commercial offices to the west and residential single family homes south and east of the subject site.
The project site is approximately half a mile from the UC Davis Med Center.
The project density proposed is approximately 20 dwelling units per net acre.
The General Plan designation of the site is Community/Neighborhood Commercial and Offices/
The General Plan does not prohibit the development residential uses and the development proposal is consistent with the residential goals of the General Plan.
The proposed site plan locates the three condominium buildings on the south side of the project site with the parking placed in between the new housing units and the existing commercial units. A landscaped planter will be constructed at the rear of the commercial building to soften the rear of the commercial building. Each of the buildings will have private patios and landscaped private yards. The buildings have been designed so that the end unit presents an attractive elevation at 58th street with a porch and active living area facing the street.
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Use: Retail / Office / Restaurant
Lease or Sales: Lease
Leasable SF: 1,035 - 7,143 SF
Lease Rate: $1.50 - 3.25 SF/Month
Lot Size: 2.56 acres
Lease or Sales: Lease & Sale
Sale Price: $17,000,000