2601 5th St, Sacramento, CA

This property presents a high-quality urban infill opportunity within Sacramento’s emerging Broadway corridor, situated in an Opportunity Zone. The rectangular-shaped site, located on the corner of 5th Street and 1st Avenue, comprises six adjoining parcels totaling approximately 2.27 acres. The site measures 510 feet in length and 197 feet in width and is zoned for medium-density multi-family residential use. Existing improvements include a two-story, 30,039-square-foot industrial food production facility equipped with cold storage capabilities. The facility features two cold storage freezers with a total capacity of 1.6 to 1.7 million pounds, a saw-tooth dock-high loading bay, a depressed dock loading bay, numerous grade-level roll-up doors, and administrative office space. Additionally, there are four sheet metal buildings totaling 29,088 square feet, according to tax assessor records. The property benefits from its proximity to new amenities, including a four-acre public park, two dog parks, bike paths leading to the American River Bike Trail, riverfront access, and art murals. Broadway is identified as the next major downtown corridor poised for modernization, following the maturation of K Street and R Street in Midtown. The property is located in the path of development of several transformational projects.