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2131 16Th St Sacramento, CA 95818

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For Sale
$2,900,000

Shovel-ready mixed-use development site in Sacramento's Midtown neighborhood.

Property Features for 2131 16Th St

General Information

Standard status
Active

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Listing Contact
Patrick Stelmach
Patrick Stelmach
Source: Cbre

Listing Agency: CBRE | Sacramento Listing Agent: Patrick Stelmach

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Midtown Development Site For Sale

Located at 2131 16th Street in Sacramento, California, this property presents a shovel-ready development opportunity in the Midtown area. The site, spanning approximately 0.44 acres, has approved entitlements for a mixed-use multifamily development. Two versions of entitlements are available: one for a five-story building with 60 units, and another for a three-story building with 31 units. Construction documents are completed for the 31-unit project. The property is situated on the northeast corner of 16th Street and V Street, offering high visibility and signage opportunities for retail or commercial tenants. The location is near Ice Blocks and the R Street Corridor. 16th Street provides access to retail, dining, and nightlife in Midtown, as well as employment centers in Downtown. Residents can easily bike to the Golden1 Center, Downtown Commons (DOCO), Land Park, Midtown Farmers Market, Target, Safeway, and other amenities. The approved plans include a five-story, approximately 57,950 square foot mixed-use building with 60 apartments, including three live/work units, a rooftop deck, 21 parking stalls, and 5,037 square feet of ground floor commercial space. The unit mix includes studios, one-bedroom, and two-bedroom apartments. Approvals have also been secured for a 31-unit project, designed to achieve a higher parking ratio. The gross site area is approximately 0.44 acres or 19,600 square feet, with C-2-SPD zoning.
Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Sacramento
County
Sacramento
State
California
Longitude
-121.4904675
Latitude
38.5651261

FAQs

What type of property is this?
Commercial land - Shovel-ready mixed-use development site in Sacramento's Midtown neighborhood.
Where is this commercial land located?
The property is located at 2131 16Th St Sacramento, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: - Shovel-ready development site with fully approved entitlements for a 60-unit or 31-unit mixed-use multifamily building.; - Prime Midtown location on the corner of 16th and V Streets with high visibility and identity signage.; - Approved site plan and design review for a five-story, mixed-use building including apartments, live/work units, a rooftop deck, parking, and ground floor commercial space.
More about this property
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