9
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$1,200,000
Est. payment /mo
New
7273 Luther DR Sacramento, CA 95823
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81997951
HOA Y/N No
Lot Size 0.793 Acres
Property Description
An infill developer/investor opportunity to acquire a .79/acre single infill parcel in the City of Sacramento. Located within an Opportunity Zone, this parcel is zoned R-3 and is fully approved and entitled for a three-story, 24 unit senior multifamily building. The proposed development, Luther Gardens, Apartment for Seniors; is shovel ready, and offers a fantastic opportunity to capitalize on the growing demand for senior housing in an neighborhood with close proximity to medical facilities, shopping centers, schools, freeways, and public transportation.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning R-3
Interior
Fireplace No
Exterior
Fence Chain Link
Schools
School District Sacramento City Unified
Others
Tax ID 04900101060000
Listed by Kelly Rivett • Cornish & Carey Commercial