Property profile

0 Cor Of Manzanita Ave & Locust Ave Carmichael, CA 95608

OFF-MARKET
Land
1.66 ac lot
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Property summary

AI-generated overview

This exceptional 1.66-acre commercial land parcel presents a unique development opportunity in the heart of Carmichael, California. Located at the highly visible southwest corner of Manzanita Avenue and Locust Avenue, this property boasts a prime location with significant street frontage, ensuring maximum exposure for any future development. The site is zoned LC (Limited Commercial), offering flexibility for a variety of commercial uses. Existing structures, including 1950s-era residential and commercial buildings, are currently unoccupied and present options for adaptive reuse or demolition. The property's convenient location in desirable Carmichael provides easy access to major thoroughfares, amenities, and a strong local market. Utilities, including both wet and dry services, are readily available. The property includes two APNs: 230-0710-004-0000 and 230-0710-003-0000, providing clear identification for due diligence. This is an ideal investment for developers seeking a high-visibility location with significant potential for commercial growth in a thriving Sacramento County community. The property's size and zoning make it suitable for a range of commercial projects, capitalizing on its excellent visibility and convenient location. Don't miss this chance to acquire a premier commercial land parcel in a highly sought-after area. The existing structures offer potential for creative repurposing or straightforward demolition to make way for new construction. This is a rare opportunity to establish a significant commercial presence in Carmichael.

Property profile

Verified
Property type Land
Lot 1.66 ac (72,310 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Cor Of Manzanita Ave & Locust Ave Carmichael, CA 95608
Carmichael metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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