4 Locations

Turton Commercial Real Estate, as exclusive advisor to Anthem Properties, is pleased to present the opportunity to acquire 9S, a fully entitled ±50,845 square foot mixed-use development site located at the intersection of 9th & S Street in Downtown Sacramento.

Positioned within Sacramento's established R Street Corridor, 9S offers developers a rare opportunity to deliver much-needed urban housing in one of the city's most active infill neighborhoods. With entitlements in place, flexible RMX-SPD zoning, and a location surrounded by walkable amenities, transit access, employment drivers, and existing residential density, the Property is well suited for an affordable-by-design housing concept focused on efficient unit planning, attainable rents, and long-term neighborhood demand.

9S offers a compelling economic foundation for an affordable-by-design residential program. With projected residential gross rents of approximately $4.00 per square foot per month and estimated operating expenses of approximately $1.00 per square foot per month, the Property supports net residential income of approximately $3.00 per square foot per month, or $36.00 per square foot annually. When measured against an estimated all-in development cost basis of approximately $425 per square foot, the resulting 8.47% initial unlevered yield underscores the strength of the opportunity without relying on luxury rent premiums.

The surrounding R Street Corridor has evolved into one of Sacramento's most recognizable mixed-use districts, defined by adaptive reuse architecture, local restaurants, creative office users, residential projects, entertainment venues, and daily-needs retail. This amenity-rich environment supports a compelling residential offering without requiring a luxury positioning, creating an opportunity to serve the growing renter base seeking well-located, thoughtfully designed, and more attainable housing within the urban core.

Fully entitled and located within a designated Opportunity Zone, 9S provides a streamlined path toward development in a supply-constrained infill location. As large-scale sites within the R Street Corridor become increasingly scarce, the Property presents a compelling opportunity for a developer to deliver an efficient, high-density housing project that responds directly to Sacramento's growing demand for attainable urban living.