Homes for sale - 7400 Shasta AVE, Elk Grove, CA 95758

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$ 5,400,000

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7400 Shasta AVE Elk Grove, CA 95758

5.98 Acres Lot

UPDATED:

11/02/2024 09:00 AM

Key Details

Property Type Vacant Land

Sub Type Residential Acreage

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 224055000

HOA Y/N No

Originating Board MLS Metrolist

Lot Size 5.980 Acres

Acres 5.98

Property Description

8.82-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 - 8.82 acres - price $8,000,000 2.84 acre - $2,560,000.00 APN/Parcel ID 117-0202-041 5.98 acre $5,440,000.00; APN/Parcel ID 117-0202-042

Location

State CA

County Sacramento

Area 10758

Zoning permit for 216 apartments

Direction corner of shasta and bruceville

Exterior

Utilities Available Public, Other

Water Access Desc Public

Topography Mostly Level

Road Frontage City Street

Building

Lot Description Corner, Sidewalk(s), Street Light(s)

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 117-0202-042-0000

Special Listing Condition Offer As Is

Lease Land No

Listed by Statewide Realty & Mortgage

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7400 Shasta AVE Elk Grove, CA 95758

Key Details

Location

Exterior

Building

Schools

Others

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7400 Shasta AVE