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0 Luther Drive

Sacramento, CA 95823
  • $1,200,000
  • STATUS: Active
  • ON SITE: 67 Days
  • ID#: 222032478
UPDATED: 51 min ago
$1,200,000
  • 0
    BEDS
  • 0.79
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Vacant infill land for sale on the 700 block of Luther Dr. near to and south of Florin Rd. Parcel has approved R3 zoning, entitlements and building design to build a unique 24 units 3 story apartment building for seniors (55+). Architectural and landscape construction drawings are available. This site is located near to several bus lines, a train station, freeway, several shopping centers, faces an open field that will never get built on and is in a federally designated enterprise zone. The building is modular in design permitting pre-fabrication affording speed of construction, less material waste, with notable construction cost savings especially with bay area fabricators or with off shore manufacturers and suppliers, such as from China. The seller is seeking a cash out sale. In the alternate the seller is open to selling 85% interest in the property for $995,000 cash and provide construction management services for the projects realization.

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Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-05-25T13:39:25.167. MetroList® MLS Terms of Use. IDX provided by BoomTown.
www.raphomes.com/homes/126843681
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0 Luther Drive Sacramento, CA 95823

  • Price: $1,200,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 51 min ago
  • ID#: 222032478
0
Beds
0
Baths
0
½ Baths
0.79
Acres
Neighborhood:
Sacto Franklin/Freeport/Vicinity
County:
Sacramento
Area:
Sacto Franklin/Freeport/Vicinity
Elementary School:
Sacramento Unified
Middle School:
Sacramento Unified
High School:
Sacramento Unified
School District:
Sacramento
Property Description
Vacant infill land for sale on the 700 block of Luther Dr. near to and south of Florin Rd. Parcel has approved R3 zoning, entitlements and building design to build a unique 24 units 3 story apartment building for seniors (55+). Architectural and landscape construction drawings are available. This site is located near to several bus lines, a train station, freeway, several shopping centers, faces an open field that will never get built on and is in a federally designated enterprise zone. The building is modular in design permitting pre-fabrication affording speed of construction, less material waste, with notable construction cost savings especially with bay area fabricators or with off shore manufacturers and suppliers, such as from China. The seller is seeking a cash out sale. In the alternate the seller is open to selling 85% interest in the property for $995,000 cash and provide construction management services for the projects realization.
Exterior Features

Crops None Fencing Chain Link Lot Features Fire Hydrant(S)Shape RegularStreet Light(S) Other Structures None Road Frontage Type City Street Road Responsibility Public Maintained Road Road Surface Type Paved Soil Clay Total Parking Spaces 0.00 Vegetation Trees FewNone View Description Park

Property Features

Additional Living Unit No Association No Association Fee 0 Current Use Vacant Development Status Raw LandBuilding Site ClearedCorners MarkedSite Plan ApprovedFinal Map ApprovedImprovement Plans Available Distance To Electric Electricity At Street Distance To Sewer Sewer At Site Electric Electric Available Elevation 0 Horse Property No Income Includes None Irrigation None Num Of Lots 0 Parking Fee 0.00 Possible Use ResidentialCommercial Primary Residence None Property Subtype Residential Acreage Property Type Land Sewer Public Sewer Special Listing Conditions None Utilities Underground UtilitiesWater Available Water Source Public Zoning R3 Zoning Description Commercial

Metrolist MLS logo Listing provided courtesy of Robert Pecora, Broker: . Listing information © 2022 MetroList Services, Inc.


Metrolist MLS logo © 2022 MetroList® MLS. All rights reserved. All measurements and all calculations of area are approximate. Information provided by Seller/Other sources, not verified by Broker. All interested persons should independently verify accuracy of information. Provided properties may or may not be listed by the office/agent presenting the information. Data last updated 2022-05-25T13:39:25.167. MetroList® MLS Terms of Use. IDX provided by BoomTown.
 
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Rapisarda Real Estate
785 Alamo Drive, Suite 120
Vacaville CA, 95688