$ 4,500,000
1025 19th ST Sacramento, CA 95811
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$ 4,500,000
Est. payment | /mo
0.66 Acres Lot
$ 4,500,000
Est. payment | /mo
0.66 Acres Lot
Key Details
Property Type Commercial
Sub Type Commercial Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224103798
HOA Y/N No
Originating Board MLS Metrolist
Lot Size 0.664 Acres
Acres 0.6638
Property Description
1025 19th Street, also known as the WP Building site, is the premiere Opportunity Zone development opportunity in the City of Sacramento. The property features a 28,913 square foot parcel of land bounded by J Street to the north and K Street to the south, with nearly 400 linear feet of frontage along 19th Street (collectively 27k cars per day), a main thoroughfare through the city. The City of Sacramento has deemed the existing building, which was previously used by the Western Pacific Railroad Company, has no historical significance and can be demolished to make way for a new ground-up development project; preliminary investigation supports 240+ units can be constructed on the site. Property benefits from Opportunity Zone tax protections for qualified projects, a rarity in the urban core. AAA location in the heart of Midtown, located adjacent to the historic Sacramento train station (now housing Old Spaghetti Factory) and located on the same block as the MARRS Building and Midtown Farmer's Market. The scarcity of this opportunity, and the ability to construct a truly transformative project in the central city, cannot be understated!
Location
State CA
County Sacramento
Area 10811
Zoning C-2-SPD
Direction Located at the corner of 19th and J Street.
Exterior
Utilities Available Public
Water Access Desc Public
View Downtown
Topography Level
Road Frontage City Street
Building
Lot Description Corner
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 007-0083-018-0000
Special Listing Condition None
Listed by Ken Turton, Broker