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    709 E St Sacramento, CA 95814

    Sponsored
    For Sale
    $1,000,000

    Prime Downtown Sacramento development opportunity. Upzoned RMU.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,728 square foot commercial land parcel, situated at the northeast corner of 7th and E Streets in Sacramento, CA (95814), presents a remarkable high-density infill development opportunity. Comprising four parcels, this property is ideally positioned within a thriving urban core, offering unparalleled access to a vibrant mix of dining, shopping, entertainment, and public transportation. The recent upzoning to Residential Mixed Use (RMU) under the 2040 General Plan (effective March 28, 2024), allows for a Maximum Floor Area Ratio (FAR) of 15, unlocking the potential to develop a building exceeding 220,000 square feet. This prime location is within walking distance of the Railyards master-planned development, including recently completed luxury apartments and a proposed Kaiser Hospital. Its proximity to major arterial streets (16th and 12th Streets), the Golden 1 Center, DOCO, and K Street's vibrant nightlife and restaurants, ensures strong demand and high occupancy rates. The property offers the unique advantage of walkability to the urban core without compromising on parking, privacy, or noise reduction. This is an exceptional investment opportunity for developers seeking to capitalize on Sacramento's dynamic growth and high demand for residential and mixed-use developments. The asking price is $1,000,000.

    Property Features for 709 E St

    General Information

    Property type
    Land

    HighLights

    • $1,000,000 asking price.
    • 14,728 square foot land parcel in Sacramento, CA.
    • Prime development opportunity, upzoned to Residential Mixed Use (RMU) with a 15 FAR, allowing for a 220,000+ square foot building.
    • Centrally located in Downtown Sacramento, near dining, shopping, entertainment, transit, and major employment centers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Clothing Store Building Supply Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sacramento
    County
    Sacramento
    State
    California
    Longitude
    -121.4944565
    Latitude
    38.5870303

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    FAQs

    What type of property is this?
    Land - Prime Downtown Sacramento development opportunity. Upzoned RMU.
    Where is this land located?
    The property is located at 709 E St Sacramento, CA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price.; 14,728 square foot land parcel in Sacramento, CA.; Prime development opportunity, upzoned to Residential Mixed Use (RMU) with a 15 FAR, allowing for a 220,000+ square foot building.
    (916) 817-9148
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    709 E St Sacramento, CA 95814
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