This is an opportunity to acquire the single largest and most valuable contiguous piece of land in the entire urban core. 28,913 square foot Opportunity Zone development land in the heart of Midtown, Sacramento. The property occupies the entire 19th Street frontage between J and K Street. Zoned C-2-SPD and currently includes a 16,941 SF vacant commercial building (which can be demolished) and 30 parking stalls. Primate location in the epicenter of Midtown, surrounded by the best amenities and multifamily residential projects in the entire city. City is supportive of new development with several hundred luxury residential units above ground floor retail. Opportunity Zone benefits reduce capital gains exposure if requirements are met.
