$ 5,400,000
7400 Shasta AVE Elk Grove, CA 95758
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$ 5,400,000
Est. payment | /mo
5.98 Acres Lot
$ 5,400,000
Est. payment | /mo
5.98 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Residential Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224055000
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 5.980 Acres
Acres 5.98
Property Description
8.82-acre parcel of land that presents an exceptional opportunity for both residential and commercial development. Situated strategically between Sacramento and Elk Grove, this property is zoned for Residential and Residential Acreage, providing flexibility for a range of projects. Permit for 216 apartments by Sacramento City. Some key highlights of the property include: -Ideal for townhomes, apartment complexes, single family dwelling -Opposite the property is Cosumnes River College, a significant institution that could potentially complement certain types of developments. -The area boasts a population of 52,000 households with a median income of $84,827, indicating a strong market demand for various types of properties. -Easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. -There is no CEQA requirement as it is an infill parcel, streamlining the development process. 2 lots - 2 apn - selling together - 8.82 acres - price $8,000,000 2.84 acre - $2,560,000.00 APN/Parcel ID 117-0202-041 5.98 acre $5,440,000.00; APN/Parcel ID 117-0202-042
Location
State CA
County Sacramento
Area 10758
Zoning permit for 216 apartments
Direction corner of shasta and bruceville
Exterior
Utilities Available Public, Other
Water Access Desc Public
Topography Mostly Level
Road Frontage City Street
Building
Lot Description Corner, Sidewalk(s), Street Light(s)
Sewer Public Sewer
Water Public
Schools
Elementary Schools Sacramento Unified
Middle Schools Sacramento Unified
High Schools Sacramento Unified
School District Sacramento
Others
Senior Community No
Tax ID 117-0202-042-0000
Special Listing Condition Offer As Is
Listed by Statewide Realty & Mortgage