Listed by Turton Commercial Real Estate
$781,125
816+820 14th Street
Details
APN 000 0053-006-0000 ; 006-0051-007-0000
Property Type Land
Sub Type Commercial
Lot Size (SqFt) 6,249
Zoning C-2-SPD General Commercial/Special Planning District
Land | 6,249 SqFt
Marketing description
816+ 820 14th Street (the "Property") is a unique and rare opportunity for development of residential multifamily, commercial mixed-use, office, or retail projects. The Property consists of two (2) parcels, APN: 006-0053-006-0000, APN: 006-0053-007-0000, approximately 6,249 square feet of land centrally located on 14th Street between the H and I Street corridors. The Property is currently vacant, sits midblock along 14th Street, a truly "bite sized" parcel opportunity for an ambitious developer. The lot features approximately 80' x 80' along 14th Street. The Property also sits in a Qualified Opportunity Zone, which can provide economic and tax benefits to an owner who chooses to develop on the Property. More information can be found on the State of California Opportunity Zones website.
With Forbes magazine recently naming Sacramento as the best place to live in California(2024), and with several major development projects both existing and planned for the immediate 3-4 block radius of the Property, it is an ideal time to benefit from that momentum. Undeveloped land in the urban core near various amenities will continue to prove desirable, and provide attractive return on investment for an ambitious developer.
816 + 820 14th Street sits comfortably tucked at the conjuction of 14th Street and I Street- adjacent to Sacramento's Civic Center District, a 19-block area that houses the City, County, and Federal government, offering businesses an ideal location surrounded by key administrative institutions. In addition to its prime Civic Center location, 816 + 820 14th Street is also close to the Kay District, known as the crossroads of J and L Streets, which stretches from 7th to 13th. This area blends daytime business activity with lively evening entertainment, featuring hotels, restaurants, and cultural experiences. For those seeking a mix of professional and cultural environments, the Entertainment District, anchored by Downtown Commons and Golden 1 Center, is nearbyas well. These districts offer diverse attractions, from dining and shopping to major events like Sacramento Kings NBA games and concerts at Golden 1 Center. With its central location near Sacramento's most dynamic districts, 816 + 820 14th Street offers businesses a prestigious address and proximity to some of the city's top cultural, governmental, and entertainment hubs.
Investment highlights
- Opportunity zone infill development site
- Rare bite-size lot in between busy downtown corridors
- High-density zoning allows for various projects
- Near significant infill development sites
Listing Contacts
Listed by Turton Commercial Real Estate
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
