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34128165
34128163

2701 Broadway, Sacramento, CA 95818 For Sale

SK
01485640, CA
Turton Commercial Real Estate
JL
CA 01934934, CA 01934394
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate
$2,040,000
10 days on market
Updated 10 days ago

2701 Broadway

Details
APN 010-0241-025
Property Type Multifamily, Land
Sub Type Commercial, Apartment Building
Square Footage 37,289
Units 31
Pro-Forma Cap Rate 4.82%
Buildings 1
Stories 5
Lot Size (SqFt) 12,800
Zoning C-2-SPD
Investment Type Redevelopment

2701 Broadway, Sacramento, CA 95818

Marketing description

2701 Broadway, an architecturally stunning, fully entitled five (5) story, 31 unit multifamily development site in urban Sacramento (the "Property"), is ± 37,289 square feet of high-visibility development land (with 1 existing 1,155 square foot building). The Property is located on the northeast corner of 27th Street and Broadway in Midtown Sacramento and consists of one (1) parcel with C-2-

SPD zoning with one (1) commercial building. 2701 Broadway is incredibly rare, and is the only fully entitled Broadway Corridor infill development site on the market for sale, located in urban Sacramento's most desirable development corridor. The Property conveniently sits in the heart of the Broadway Corridor in Midtown Sacramento. The Property is within a short walk or bike ride of

more than 100 restaurants, bars, art galleries and entertainment venues. The Property provides walkability to the entire Sacramento urban core. Any other potential development project would require at least eighteen months of approvals. Take advantage of the only fully entitled prime development opportunity on the market along the growing and thriving Broadway Corridor.

On the cusp of Land Park and Southside Park neighborhoods, but soon to be a destination all its own, Sacramento's East Marina district, as a portion of the Broadway Corridor, is coming alive. Several key investment/developments have been made nearby and the path of progress is beginning to accelerate. The street improvement program, the Broadway/WestSac Bridge, development of numerous high-end mixed-use projects and new retail/restaurant amenities are all helping to breathe new life into this iconic blvd. City Councilman Steve Hansen says he sees

Broadway as the next major downtown corridor to modernize now that K Street and R Street are maturing corridors. "The opportunities really abound here" Hansen said.

Investment highlights

  • New Construction
  • Fully entitled five (5) story, 31 unit multifamily development site
  • ±37,289 SF of high-visibility development land
  • Located on the northeast corner of 27th Street and Broadway in Midtown Sacramento
  • One (1) parcel with C-2-SPD zoning
  • Existing 1,155 SF commercial building

Listing Contacts

SK
01485640, CA
Turton Commercial Real Estate
JL
CA 01934934, CA 01934394
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate

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