$6,999,000

7400 Shasta Avenue, Elk Grove CA, 95758

Price per sqft$26.87

Lot size5.98 Acres

Property typeLand

Overview

Pending

Listed May 22, 2024

Updated Jul 6

5.98-acre parcel of land that presents an exceptional opportunity for both residential and commercial development. Situated strategically between Sacramento and Elk Grove, this property is zoned for Residential and Residential Acreage, providing flexibility for a range of projects. Permit for 216 apartments by Sacramento City. Some key highlights of the property include: -Ideal for townhomes, apartment complexes, single family dwelling -Opposite the property is Cosumnes River College, a significant institution that could potentially complement certain types of developments. -The area boasts a population of 52,000 households with a median income of $84,827, indicating a strong market demand for various types of properties. -Easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. There is no CEQA requirement as it is an infill parcel, streamlining the development process. 2 lots - 2 APN - selling together or separate 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 5.98 acre $7,440,000.00; APN/Parcel ID 117-0202-042

Additional information

MLS^® ID: 224055000

Exterior Features

Lot Size: 5.98 Acres

Courtesy of Statewide Realty & Mortgage, Amardeep Singh,
Listing Contact:

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