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2031 K Street Sacramento, CA 95811

$6,400,000

2031 K Street Sacramento, CA 95811
Sacramento County

Land Size: 0.74 Acres
21K is a 32,000 square foot fully-entitled development site in the heart of Midtown Sacramento. The offering includes three (3) contiguous parcels at the corner of 21st and K Streets, including 2015 K Street, 2025 K Street, and 2031 K Street. The site is currently entitled and approved by the City of Sacramento to build a 8-story 250,595 square foot mixed-use building featuring 296 residential units, 7,500 square feet of ground floor retail space, and 162 on-site parking stalls. The current zoning and entitlements will permit for market rate and/or senior housing, allowing a developer some flexibility with the final project. The property boasts a AAA corner location in the Lavender Heights district of Sacramento. The project is adjacent to the MARRS Building, which is considered the "epicenter" of Midtown. The Midtown Farmer's Market, which is visited by over 2,000 people each weekend, is held in front of the property. 21st Street is a main thoroughfare through the central city with over 10,000 cars each day, thereby providing huge visibility to the retail tenants. This is a once-in-a-decade opportunity!

Property Highlights

  • MLS Area: 10811
  • Utilities: Public, Other
  • Is a Horse Property: No
  • Lot Size in Sq. Ft.: 32,000
  • School District: Sacramento
  • Property Subtype: Commercial Lot
  • APN: 007-0085-013
  • Status: Active

Listing Courtesy of: Ken Turton, Broker
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Contact

Ed Perry

DRE #0208358
Mobile Phone: (916) 517-9969

Ed Perry, Real Estate Agent

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