Mixed-Use Development
6531 Folsom Boulevard, Sacramento, CA 95819
Leased commercial building with fully entitled mixed-use development project.
Type:Land
Property size:
4,960 SFLot size:
0.34 AcresPrice / SF:
$453/SF- Added:
- Mar 25, 2026
- Days on Market:
- 47
- Last Refresh:
- Mar 18 at 9:40 am
Property Features for 6531 Folsom Boulevard
General Information
- Standard status
- Active
- Size
- 4,960 SF
- Lot size
- 0.34 Acres
- Property subtype
- Land
Listing agent Patrick Stelmach License #01964999
Listing office CBRE | Sacramento (916) 817-9148
Listing date Mar 25, 2026
Source Cbre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Sacramento
HighLights
- Fully entitled development project approved for a 6‑story, 56‑unit (or 66‑bed) mixed‑use apartment building (Baobab Apartments).
- Prime East Sacramento location, close to CSU Sacramento, light rail, restaurants, cafes, schools, parks, and grocery stores.
- Current income‑producing property (leased to Jet Black Tint) provides a 'covered land play' strategy with NNN lease and termination option for redevelopment.
- Flexible development options: project can be developed as market‑rate multifamily or student housing.
- Building amenities include a lounge, club room, bike room, 2nd‑floor courtyard, and common amenity space.
- High‑traffic location on Folsom Blvd with 100 feet of street frontage and existing building features including large glass window line, exposed trusses, and corner visibility with monument signage.
Overview
Located at 6531 Folsom Boulevard in Sacramento, California, this property presents an opportunity to acquire a leased commercial building with a fully-entitled development project. The site, situated on approximately 0.34 acres, has approved entitlements for Baobab Apartments, a 6-story mixed-use building. The apartment project consists of 56 units with a mix of 2-bed, 1-bed, and studio layouts. Designed with flexibility, the project can be developed as either market-rate multifamily or student housing with 66 beds. Planned amenities include a lounge, club room, bike room, a 2nd-floor courtyard, and common-use amenity space. On-site parking includes 16 vehicle stalls and 38 bicycle spaces. A retail space of 840 square feet is planned on the ground floor along Folsom Boulevard. The property is currently 100% leased to a single commercial tenant, Jet Black Tint, on a long-term NNN lease. The lease allows for early termination to demolish the building and begin apartment construction. The existing building, constructed in 1966, features approximately 1,800 square feet of showroom and office space and 3,160 square feet of dedicated warehouse space with a roll-up door accessible from the alley. It includes a large glass window line, exposed trusses throughout the warehouse, and corner visibility with monument signage. The property has 100 feet of street frontage along Folsom Blvd and 14 parking stalls. Located in East Sacramento, the site is near restaurants, cafes, schools, parks, grocery stores, CSU Sacramento, and the University/65th Street Light Rail Station. The proposed new building will be 53,100 SF mixed-use apartment building.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Capital Spas
Kitchen & Bath Showroom
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.4268606
- Latitude
- 38.5544329
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Leased commercial building with fully entitled mixed-use development project.
Where is this mixed-use property located?
The property is located at 6531 Folsom Boulevard Sacramento, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Fully entitled development project approved for a 6‑story, 56‑unit (or 66‑bed) mixed‑use apartment building (Baobab Apartments).; Prime East Sacramento location, close to CSU Sacramento, light rail, restaurants, cafes, schools, parks, and grocery stores.; Current income‑producing property (leased to Jet Black Tint) provides a 'covered land play' strategy with NNN lease and termination option for redevelopment.
