Midtown Development Site For
2131 16th Street, Sacramento, CA 95818
Shovel-ready mixed-use development site in Sacramento's Midtown neighborhood.
Type:Land
Property size:
57,950 SFLot size:
0.44 AcresPrice / SF:
$50/SF- Added:
- Mar 25, 2026
- Days on Market:
- 47
- Last Refresh:
- Mar 18 at 9:41 am
Property Features for 2131 16th Street
General Information
- Standard status
- Active
- Size
- 57,950 SF
- Lot size
- 0.44 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
- 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.
- Walking distance to Ice Blocks retail and restaurants, and a short bike ride to Golden1 Center/DOCO and other amenities.
- Construction documents are completed for the 31‑unit project, offering immediate cost savings and certainty.
- Located on 16th Street, connecting to retail, dining, nightlife in Midtown, major employment centers in Downtown, plus convenient freeway access.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Sacramento
- County
- Sacramento
- State
- California
- Longitude
- -121.4904675
- Latitude
- 38.5651261
Nearby Similar for Sale
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 Street 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.
