7273 Luther Drive
Sacramento, CA 95823
0.79 acres | #ML81997951
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; 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.
Property Details
- School DistrictSacramento City Unified
- Property SubtypeCommercialSale
- CountySacramento
- Original List Price$1,200,000
- MLS #ML81997951
- MLS #ML81997951
- Property TypePurchase
- Cost1200000
- Acres0.7934
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kelly Rivett (#ML5070313)
Listing Office: Cornish & Carey Commercial (#ML33684)
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