Entitled Mixed-Use Development
New
For Sale
$9,500,000
324 Alhambra Boulevard, Sacramento, CA 95816
Full-block commercial land with approved residential and ground-floor commercial development plans.
Property Size2 SF
Price / SF$4,750,000
Days on Market3
Property Features for 324 Alhambra Boulevard
General Information
Standard status
Active
Size
2 SF
Property subtype
Land
Listing Agency:
CBRE | Sacramento
Listed By:
Patrick Stelmach · License #01964999
(916) 446-8200
Source:
Cbre
Added: Sep 14
Last Checked: Sep 15 at 4:04AM
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.
This 2.26-acre commercial land parcel occupies a full city block and carries approved entitlements for a 332-unit mixed-use multifamily project. The plan includes 2,400 SF of ground-floor commercial space and a 322-stall parking structure, while an alternative concept provides for approximately 55 for-sale single-family townhomes.
The property is located at 324 Alhambra Boulevard in East Sacramento, one block from McKinley Park and within walking distance of restaurants and Midtown retail. The approved design incorporates historic brick facades from the former Mary Ann's Bakery along Alhambra Boulevard, D Street, and Chinatown Alley. The site is designated as both a CTCAC High Resource Opportunity Area and a HUD Difficult Development Area.
The property is located at 324 Alhambra Boulevard in East Sacramento, one block from McKinley Park and within walking distance of restaurants and Midtown retail. The approved design incorporates historic brick facades from the former Mary Ann's Bakery along Alhambra Boulevard, D Street, and Chinatown Alley. The site is designated as both a CTCAC High Resource Opportunity Area and a HUD Difficult Development Area.
Key Highlights
- 2.26‑acre full city block development site
- Approved plan for a 332‑unit mixed‑use multifamily project
- 2,400 SF of ground‑floor commercial space
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,120
Businesses Nearby
Explore this area
Business Placement
Demographics for 95816, CA
18,606
Population
11,553
Households
1.6
Avg Household Size
36
Median Age
65%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
6,891
Density / Sq Mi
$90,521
Median Household Income
$61,407
Median Earnings
$1,647
Median Rent
$789,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Full-block commercial land with approved residential and ground-floor commercial development plans.
Where is this commercial land located?
The property is located at 324 Alhambra Boulevard Sacramento, CA.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 2.26‑acre full city block development site; Approved plan for a 332‑unit mixed‑use multifamily project; 2,400 SF of ground‑floor commercial space
