Homes for sale - 1025 19th ST, Sacramento, CA 95811

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Brian Zamora

hello@teamgoldgroup.com +1(916) 877-5564

$ 4,500,000

Est. payment | -/mo

0.66 Acres Lot

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$ 4,500,000

Est. payment | -/mo

Save

0.66 Acres Lot

Key Details

Property Type Commercial

Sub Type Commercial Lot

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 224103798

HOA Y/N No

Originating Board MLS Metrolist

Lot Size 0.664 Acres

Acres 0.6638

Property Description

1025 19th Street, also known as the WP Building site, is the premiere Opportunity Zone development opportunity in the City of Sacramento. The property features a 28,913 square foot parcel of land bounded by J Street to the north and K Street to the south, with nearly 400 linear feet of frontage along 19th Street (collectively 27k cars per day), a main thoroughfare through the city. The City of Sacramento has deemed the existing building, which was previously used by the Western Pacific Railroad Company, has no historical significance and can be demolished to make way for a new ground-up development project; preliminary investigation supports 240+ units can be constructed on the site. Property benefits from Opportunity Zone tax protections for qualified projects, a rarity in the urban core. AAA location in the heart of Midtown, located adjacent to the historic Sacramento train station (now housing Old Spaghetti Factory) and located on the same block as the MARRS Building and Midtown Farmer's Market. The scarcity of this opportunity, and the ability to construct a truly transformative project in the central city, cannot be understated!

Location

State CA

County Sacramento

Area 10811

Zoning C-2-SPD

Direction Located at the corner of 19th and J Street.

Exterior

Utilities Available Public

Water Access Desc Public

View Downtown

Topography Level

Road Frontage City Street

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

Elementary Schools Sacramento Unified

Middle Schools Sacramento Unified

High Schools Sacramento Unified

School District Sacramento

Others

Senior Community No

Tax ID 007-0083-018-0000

Special Listing Condition None

Listed by Ken Turton, Broker

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(916) 877-5564

hello@teamgoldgroup.com

9245 Laguna springs dr, Elk Grove, California, 95758, USA

1025 19th ST Sacramento, CA 95811