Norwood + Lindley Ave

Uptown Sacramento

Norwood + Lindley Ave

Region: North Sacramento
Use: Land
Lot Size: 3.76 acres
Lease or Sale: Sale
Sale Price: $1,100,000

Turton Commercial is pleased to present a prime infill site for sale offering numerous development opportunities adjacent to North Del Rio School Park and Las Palmas Elementary.

Norwood Ave, Sacramento, CA 95815 – APN: 263-0010-027 (the “Subject Property”) is approximately 3.76 AC or 163,785 square feet of land on a major thoroughfare. The Subject Property is vacant land situated on the west side of Norwood Avenue between Lindley Avenue and Las Palmas Avenue. (Note: The property address does not have a street number.) The Subject Property is located in Uptown Sacramento in the City of Sacramento zoned R-2A for development of residential single-family or multi-family housing. The property provides a variety of potential development opportunities, highlighted by residential single-family or multi-family housing or commercial/retail. Conceptual site plan yields 64 apartments, with potential to increase the number to 135 units. The Property is being offering at $1,100,000 approx $6.71 per square foot land.

The highest and best use for the Property is likely multi-family or single-family residential subdivision, based on the robust sales market of single-family, home sales prices increasing steadily higher, and severely limited inventory of housing stock. North Natomas has enjoyed a huge influx of Bay Area migrants, and current studies indicate population growth for Sacramento will outpace supply for the foreseeable future.

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