Use: Land / Multifamily
Lot Size: 0.34 acres
Lease or Sale: Sale
Sale Price: $975,000
7E (the “Property”) is 14,728 square feet land centrally located on the northeast corner of 7th Street and E Street. The Property consists of four (4) parcels in the City of Sacramento (APN: 002-0105-013-0000, 002-0105-014-0000, 002-0105-016-0000, 002-0105-026-0000) with the current zoning designation: OB. The Property is a prime development opportunity for residential homes, multi-family apartments, or mixed-use project.
The Property is a rare corner location in a highly desirable residential neighborhood setting. In the epicenter of Midtown and Downtown Sacramento, the Property is mere blocks from 16th Street and 12th Street which are two main arterial streets of Downtown and 12 blocks from the Golden 1 Center, 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 zoning allows 3.0 FAR and 65 units per net acre, which translates to potential yield of up to ± 21 units in a 3-story project. The Property provides many viable options for a project, highlighted by a high-density multifamily or mixed-use or single family for sale development.
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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
Use: Office / Retail
Lease or Sales: Lease & Sale
Building Size: ±47,638 SF Sale Price: $21,750,000
Leasable SF: 2,101 - 15,366 SF
Lease Rate: $2.85 SF/Month