1.08 Acres of Land for Sale in Sacramento, CA

Exceptional 1.08-acre infill development opportunity near Sacramento State. This three-parcel assemblage at 6620-6630 4th Avenue offers a strategic location approximately 0.7 mile from the university campus, with convenient access to the University/65th Street light rail station and Highway 50. Zoned C-2-TO, the property offers potential for a variety of development strategies including multifamily, student housing, affordable/workforce housing, commercial or mixed-use development, subject to City of Sacramento approval. Prior conceptual planning contemplated a 105-unit/300-bed student housing community with approximately 180,000+ square feet of gross building area. Historical plans and renderings are available for review and provide a useful starting point for evaluating the site's development potential; the prior concept is not represented as a current entitlement. Sacramento State serves more than 31,000 students, and the surrounding area includes established purpose-built student housing, residential neighborhoods, shopping, dining and transit. Three contiguous parcels provide an opportunity to acquire a well-located infill development site in the Sacramento State submarket. Buyer to independently verify acreage, zoning, allowable uses and density, utilities, development standards, entitlements and all other information affecting development of the property