Property in Unknown, XX

Description

Residential Development Site in North Natomas CBRE is pleased to present the opportunity to acquire a prime ±10.13-acre site for development of muilti-family apartments or single-family homes, at 2549-2599 Arena Boulevard in Sacramento, California. 2549 Arena Blvd provides a strategic investor or developer an opportunity to acquire a desirable, fully entitled land site with the flexibility to modify plans to create their own vision given the range of options available. The site has approved entitlements to construct a 282-unit luxury apartment community. The project is a mix of (32) studios, (150) one bedroom one-bathroom and (100) two- bedroom two- bathroom units. The site also has a conceptual site plan and designs for (191) for-sale single-family residential townhomes. The City of Sacramento updated the General Plan and zoning allows for a higher density project with a maximum Floor to Area Ratio (FAR) of 4.0. The site’s configuration on Arena Blvd and E Commerce Way provides landmark identity and high visibility, making this location a prime opportunity for residential development.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

+−

Leaflet | © OpenStreetMap contributors