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Walerga Road & Elkhorn Blvd - Possible High Density Residential Development

0.97 - 1.51 Acre Commercial Land Lots Offered at £317,321 - £477,096 Per Lot in Sacramento, CA 95842

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INVESTMENT HIGHLIGHTS

Infill development opportunity
Less than 2 miles from I-80

Near shopping, schools, and public transportation
Utilities at Walerga Road

Listing Brochure - Walerga Land

PROPERTY FACTS

Price	£317,321 - £1,191,268	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Apartment Units Single Family Development Single Family Residence
No. Lots	3	Total Lot Size	3.68 AC
Property Type	Land

Price	£317,321 - £1,191,268
Sale Type	Investment
No. Lots	3
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Apartment Units Single Family Development Single Family Residence
Total Lot Size	3.68 AC

3 LOTS AVAILABLE

Lot 1

Price	£317,321	Lot Size	0.97 AC
Price Per AC	£327,470.43

Price	£317,321
Price Per AC	£327,470.43
Lot Size	0.97 AC

Zoning: BP (Business Professional)

Lot 2

Price	£477,096	Lot Size	1.51 AC
Price Per AC	£315,957.36

Price	£477,096
Price Per AC	£315,957.36
Lot Size	1.51 AC

Zoning: LC (Limited Commercial)

Lot 3

Price	£396,851	Lot Size	1.20 AC
Price Per AC	£330,708.88

Price	£396,851
Price Per AC	£330,708.88
Lot Size	1.20 AC

Zoning: LC (Limited Commercial)

DESCRIPTION

Commercial or residential infill development opportunity near southwest corner of Elkhorn Blvd and Walerga Road in Sacramento County with close proximity to I-80, less than two miles to the east. Subject is bordered by a shopping center (north), Highlands High School (south), multifamily (east) and single family (west). The site is generally level with all utilities available from Walerga Road. Parcel offered for sale (#1 - APN #219-0032-004) is 0.97 acres ($399,000); however, the following two parcels are also available, including: #2 - APN 219-0032-008 - 1.51 acres ($599,000) and #3 - APN 219-0032-009 - 1.20 acres ($499,000). #1-3 makes reference to the labeling in attached brochure. All three contiguous parcels comprising +/- 3.77 acres can be purchased for the discounted price of $1,399,000. Parcel 1 is zoned BP (Business Professional) while parcels 2 and 3 are zoned LC (Limited Commercial). The land can be developed as multifamily with planning approval. Since the parcels are situated within 1/4 mile of a transit stop, density could achieve 40/units per acre, yielding up to 150 units (combined).

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