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Listed by Kelly Rivett • Cornish & Carey Commercial
$ 4,400,000
Est. payment | /mo
69,696 SqFt
$ 4,400,000
Est. payment | /mo
69,696 SqFt
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 69,696 sqft
Price per Sqft $63
MLS Listing ID ML82022132
HOA Y/N No
Lot Size 1.600 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
Property Description
Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire 7400 Folsom Boulevard, a prime infill multifamily development site located in Sacramento, California. Located within a mile from California State University, Sacramento (CSUS), this opportunity is ideal for any investor/ developer looking to build and capitalize on the ever-growing CSUS ( currently 31,000 students), and overall demand for student/affordable/market rate housing. This level 1.6-acre parcel is visible from eastbound U.S. Highway 50 and strategically located in Sacramentos most dynamic submarkets for residential growth along the highly transit-rich Folsom Blvd corridor.
Location
State CA
County Sacramento
Interior
Fireplace No
Building
Lot Description Level, Rectangular Lot
Schools
School District Sacramento City Unified, Sacramento City Unified
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Yeimalis Acevedo-Rasmussen
Broker-Owner | Lic# CA 01727676 | TX 9014437