330 12th St Sacramento, CA 95814-0903

Property Details for 330 12th St

Lot size

0.15 lot acres

Zone code

C-2-SPD

Property type

Commercial land

APN

002-0075-016-0000

APU

200750160000

Description

This exceptional mixed-use development opportunity in Sacramento, CA, presents a prime infill site at 330 12th Street, encompassing a 6,400 square foot lot (APN 002-0075-016-0000). Zoned C-2-SPD within the Central City Special Planning District, this property boasts approved plans for a five-story building totaling 26,000 square feet. The proposed design includes 24 luxury residential units, approximately 600 square feet each, situated above 5,400 square feet of ground-floor retail/commercial space. This space is envisioned as three distinct units, including a restaurant and bar facing D Street, and an apartment building entrance lobby on 12th Street. The building will feature a 704 square foot rooftop deck with solar panels and perimeter plantings. Construction plans specify a Type II mixed-use building with a concrete podium ground floor and light gauge steel frame upper floors. The property's location at the corner of D Street and 12th Street offers excellent visibility and accessibility, benefiting both retail tenants and residents. The area is experiencing significant growth, with numerous new residential and commercial projects underway. Projected monthly rents for the residential units are $2,200, aligning with comparable new construction in the area. This presents a unique opportunity to acquire a property with approved plans, allowing for a streamlined development process. The potential exists to further increase density and revise entitlements, offering additional upside for the buyer.