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$ 5,650,000
Est. payment /mo
Price Dropped by $559.4M
2599 Arena BLVD Sacramento, CA 95834
10.13 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225074724
HOA Y/N No
Lot Size 10.130 Acres
Acres 10.13
Property Sub-Type Residential Acreage
Source MLS Metrolist
Property Description
Opportunity to acquire a prime 10.13-acre site for development of muiltifamily apartments or single-family homes. 2549 Arena Blvd provides a strategic investor or developer an opportunity to acquire a desirable, fully entitled site with the flexibility to modify plans to create their vision given the range of options available for the site. Located in the highly amenitized and rapidly expanding North Natomas submarket, the site is conveniently less than 5 miles from Downtown Sacramento and 6 miles to Sacramento International Airport (SMF). The site has approved entitlements to construct a 282-unit luxury apartment community, called Arena Brownstone Living. The project is a mix of (32) studios,(150) one-bedroom one-bathroom and (100) two- bedroom two- bathroom units. The site also has conceptual site plan and designs for (191) for-sale single-family residential townhomes. The City of Sacramento updated the General Plan, and zoning allows for a higher density project with a maximum Floor to Area Ratio (FAR) of 4.0. The site's configuration on Arena Blvd and E Commerce Way provides landmark identity and high visibility. This site's location makes it a prime opportunity for residential development.
Location
State CA
County Sacramento
Area 10834
Zoning EC-40-PUD
Direction Get on I-5 N to Arena Blvd. Take exit 524 from I-5 N. Drive to Arena Blvd.
Exterior
Utilities Available See Remarks
Water Access Desc Public
Topography Level
Road Frontage City Street
Building
Lot Description Corner
Sewer Public Sewer
Water Public
Schools
Elementary Schools Natomas Unified
Middle Schools Natomas Unified
High Schools Natomas Unified
School District Sacramento
Others
Senior Community No
Tax ID 225-2950-007
Special Listing Condition None
Listed by CBRE Inc.