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Midtown Sacramento Development Opportunity

2123 Q Street Sacramento, CA 95816

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1.19-acre site entitled for 248 multifamily units.

Type:Land
Lot size:
1.19 Acres
Added:
Mar 25, 2026
Days on Market:
109
Last Refresh:
Jul 3 at 11:01 pm

Property Features for 2123 Q Street

General Information

Standard status
Active
Lot size
1.19 Acres
Property subtype
Land

Listing office CBRE - Sacramento

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


Investment Insights

Based on property information with market context.

Located in the heart of Midtown Sacramento, 2123 Q Street presents a development opportunity on a half city block. The site, approximately 1.19 acres or 51,910 square feet, is zoned General Commercial (C-2-SPD) and is entitled for 248 multifamily units. The site plan and design review are fully approved to construct a six-story, approximately 290,000 square foot, mixed-use building with 248 apartments and two live/work units. Conceptual site plan and designs also exist for 41 for-sale single-family residential townhomes. The location is across from The Press luxury apartments and the planned redevelopment of The Sacramento Bee headquarters. Residents have convenient access to dining, retail, and entertainment options. The property is near dining and nightlife in the Lavender District, with Q Street connecting to retail at Ice Blocks and employment centers in Downtown. The location has a Walk Score of 90/100 and new protected bike lanes. The area includes restaurants, attractions, theatres, art galleries, and music venues. The Midtown Farmers Market, with over 160 vendors, is located five blocks from the property. Immediate access to Downtown Sacramento’s 10 million square feet of office space is available, and the State Capitol Building and Capitol Mall are within walking distance. The region’s medical centers are less than 2 miles away. The average household income within a half-mile radius of the property is $102,382. Major transit stops are less than 1/4 mile away, providing access to employment centers, entertainment, nightlife, and retail.

Key Highlights

  • Fully entitled for a 248‑unit multifamily development with approved site plan.
  • Prime Midtown Sacramento location, an irreplaceable spot near key developments.
  • Exceptional walkability and bikeability with a Walk Score of 90/100 and protected bike lanes.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

(Bike/Boat/Book/etc) Store Auto Parts Store (Bike/Boat/Book/etc) Store Butcher Tanning Salon HVAC Service Electrical Service Clothing & Fashion Store Restaurant Mobile Phone Store

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

FAQs

What type of property is this?
Commercial land - 1.19-acre site entitled for 248 multifamily units.
Where is this commercial land located?
The property is located at 2123 Q Street Sacramento, CA.
What are key features of this property?
This property features: Fully entitled for a 248‑unit multifamily development with approved site plan.; Prime Midtown Sacramento location, an irreplaceable spot near key developments.; Exceptional walkability and bikeability with a Walk Score of 90/100 and protected bike lanes.
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