Land for Sale Approved Multi-Family Development

ELKHORN BLVD

I STREET

WA

TT

AV

E

34T

H S

T

ELKHORN BLVD

I STREET

WA

TT

AV

E

34T

H S

T

u APN: 208-0162-027

u Size: 6.35 Acres

u Zoning: Commercial (SPA) - Residential (CUP)

u Jurisdiction: County of Sacramento

u Entitlement Status: Tentative Map Approved - Residential

u Available Services: Wet & Dry Utilities In Close Proximity to Site

u Site Conditions: Level Rough Grade

u Terms of Sale: All Cash at Closing

Land for Sale Approved Multi-Family DevelopmentSacramento, CA

3005 Douglas Blvd, Suite 130, Roseville, CA 95661 T 916.367.7000 www.newmarkccarey.com

14-0505 02/18

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are fully and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

Guy Spitzer, CCIM Vice President 916.367.6359 [email protected] CA RE License Lic #01095648

±6.35 Acres Available - Offering Price: $799,000.00 I am pleased to offer the following land:

LOCATION:

APN:

SIZE:

CURRENT ZONING:

POTENTIAL USES:

PROPERTY DESCRIPTION:

ASKING PRICE & TERMS:

PROPERTY HIGHLIGHTS:

REGIONAL MAP LOCATION MAP

Offering Summary:

The Property is located just south of Elkhorn Blvd. on the west-side of north Watt Ave. The eastern boundary of the Property fronts onto Watt Avenue.

208-0162-027

6.35 Acres

SPA - North Watt Special Planning Area (Commercial) - Residential (CUP) The land parcel with tentative map approval fronts onto Watt Ave is zoned SPA, and falls within the North Watt Plan Area.

The Subject Property consists of one parcel which represents a portion of a tentative map approved for construction of 121 townhome style residential units in a commercial zone under a conditional use permit.

$799,000 / $125,826 p/Acre. All cash at Closing.

The offering represents an opportunity to acquire 6.35+/- acres of undeveloped land, for residential development, with utilities located in adjacent to the Property, and partial street frontage improvements. A Tentative map approval to build 121 townhome-style residential units is shared with neighboring property.

SITE

I Street

34th Street

32nd Street

Watt Ave

Watt Ave

Rosevil

le Road

Elkhorn Blvd

Q Street

CamPEl Dorado

Hills

Lake of the Pines

AUBURN

GraniteBay

LINCOLN

LOOMIS

MeadowVista

NorthAuburn

ROCKLIN

ROSEVILLE

Arden-Arcade

CARMICHAEL

CitrusHeights

ELK GROVE

FAIR OAKS

FLORIN

FOLSOM

FoothillFarms

GOLD RIVER

LA RIVIERA

LAGUNALaguna West-

Lakeside

NorthHighlands

ORANGEVALE

Parkway-SouthSacramento

RanchoCordova

RanchoMurieta

RIO LINDA

ROSEMONT

SACRAMENTO

VINEYARD

WILTON

WestSacramento

BEALE AFB

OLIVEHURST

WHEATLAND

Approved Residential Development, Sacramento, CA

3005 Douglas Blvd, Suite 130, Roseville, CA 95661 T 916.367.7000 www.newmarkccarey.com14-0505 02/18


Tentative Map:




The map above illustrates the subject property (Highlighted Yellow) as a portion of an approved tentative map. The Tentative Subdivision Map allows for 121 Townhome (Residential Units) to be constructed in a Commercial Zone under a Conditional Use Permit (CUP). The Tentative Map approval is shared with Neighboring Property APN 208-0162-018.

Parcel Map

OFFER SUBMITTALS:

All offers shall be submitted to Newmark Knight Frank, attention Guy Spitzer, 3005 Douglas Blvd, Suite 130, Roseville, CA 95661 or via email to [email protected] Interested Buyers shall provide information relative to funding sources, area familiarity, development experience and any other information which is likely to substantiate Buyer’s ability to Close this transaction.




Documents

Land for Sale Approved Multi-Family Development