Homes for sale - 2599 Arena BLVD, Sacramento, CA 95834

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Tom Knight

tomknightrealtor@gmail.com +1(916) 801-8282

$ 5,650,000

Est. payment | -/mo

10.13 Acres Lot

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$ 5,650,000

Est. payment | -/mo

Save

10.13 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Residential Acreage

Listing Status Active

Purchase Type For Sale

MLS Listing ID 225074724

HOA Y/N No

Lot Size 10.130 Acres

Acres 10.13

Property Sub-Type Residential Acreage

Source MLS Metrolist

Property Description

Opportunity to acquire a prime 10.13-acre site for development of muiltifamily apartments or single-family homes. 2549 Arena Blvd provides a strategic investor or developer an opportunity to acquire a desirable, fully entitled site with the flexibility to modify plans to create their vision given the range of options available for the site. Located in the highly amenitized and rapidly expanding North Natomas submarket, the site is conveniently less than 5 miles from Downtown Sacramento and 6 miles to Sacramento International Airport (SMF). The site has approved entitlements to construct a 282-unit luxury apartment community, called Arena Brownstone Living. The project is a mix of (32) studios,(150) one-bedroom one-bathroom and (100) two- bedroom two- bathroom units. The site also has conceptual site plan and designs for (191) for-sale single-family residential townhomes. The City of Sacramento updated the General Plan, and zoning allows for a higher density project with a maximum Floor to Area Ratio (FAR) of 4.0. The site's configuration on Arena Blvd and E Commerce Way provides landmark identity and high visibility. This site's location makes it a prime opportunity for residential development.

Location

State CA

County Sacramento

Area 10834

Zoning EC-40-PUD

Direction Get on I-5 N to Arena Blvd. Take exit 524 from I-5 N. Drive to Arena Blvd.

Exterior

Utilities Available See Remarks

Water Access Desc Public

Topography Level

Road Frontage City Street

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

Elementary Schools Natomas Unified

Middle Schools Natomas Unified

High Schools Natomas Unified

School District Sacramento

Others

Senior Community No

Tax ID 225-2950-007

Special Listing Condition None

Listed by CBRE Inc.

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