1218 Alhambra Blvd, Sacramento, CA 95816
0.77 Acres of Commercial Land for Lease in Sacramento, CA 95816
For Lease
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Land
Listing Contacts
Ken Turton
Verified Profile
Matt Axford
Verified Profile
Kimio Bazett
Verified Profile
- Property Info
Property Overview
Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to lease The Alhambra Block (the “Property”), four parcels totalling ± 33,689 square feet located adjacent the Capital City Freeway along East Sacramento’s busiest thoroughfares. The Property is being offered at a lease rate of $.50 per square foot (SF) per month representing a developer cost of 4.5% on estimated land value of $100/SF. This developer cost is approximately 50% of current land/construction lending rates.
Within blocks of all four major hospitals the Alhambra Block provides an ideal location for multiple development applications including medical, hospitality, multi-family and senior housing. The site is further benefitted by immediate egress and ingress to Interstate 50 and 80 and directly adjacent to L Street and 2 blocks south of J Street, the two major east west corridors to Sacramento’s Midtown and Downtown submarkets.
Further benefitted by an idyllic location nestled between a myriad of East Sacramento’s most desirable eateries and cafes and one block from a Safeway grocery, the Alhambra Block is arguably the most desirable development opportunity in the Sacramento Region.
Within blocks of all four major hospitals the Alhambra Block provides an ideal location for multiple development applications including medical, hospitality, multi-family and senior housing. The site is further benefitted by immediate egress and ingress to Interstate 50 and 80 and directly adjacent to L Street and 2 blocks south of J Street, the two major east west corridors to Sacramento’s Midtown and Downtown submarkets.
Further benefitted by an idyllic location nestled between a myriad of East Sacramento’s most desirable eateries and cafes and one block from a Safeway grocery, the Alhambra Block is arguably the most desirable development opportunity in the Sacramento Region.
Property Details
- Property Subtype
- Commercial
Highlights
- Most economically feasible development opportunity in NorCal
- Best development opportunity in the Sacramento Region
- SPD zoning allows for medical, hospitality, multi-family, retail and office
- High density FAR of up to 6:1.
- $0.50 per SF per month - 4.5% land lease rate 40% less than current interest rates
- Surrounded by all four major hospitals
Nearby Properties
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