516 8th St

Turton Commercial is pleased to present for sale a prime infill development opportunity at 8th Street, F Street, and E Street in the northwest corner of Downtown Sacramento, surrounded by development projects under construction including The Railyards. The Property consists of nine (9) parcels of vacant land approximately 1.3 acres or 56,765 SF, combined. Bifurcated by Eggplant Alley, the Property represents two development sites of 0.42 AC/17,800 SF and 0.88 AC/38,365 SF. The parcels are being offered for sale together but may be purchased separately or in phases. The asking purchase price is $115 PSF land or $6,500,000 for the entire Subject Property.

Currently, the Property is zoned OB-SPD (Office Building) on half the parcels and RO-SPD (Residential Office) on the other half of the parcels. However, the City of Sacramento has identified these parcels to be rezoned for Residential Mixed Use, with up to 15.0 FAR in the draft 2040 General Plan Update. A buyer can take advantage of the tremendous increase in development intensity for the site.

Site 1: 714 E, 718 E, 720 E, 722 E Streets

Site 2: 711 F, 717 F, 719 F, 721 F, 516 8th Streets