Property Detail

Description

Vacant land parcel FOR SALE located in a Opportunity Zone (U.S. tax incentive program): This flat mostly cleared land borders a city street and existing homes tracts. Signs of utilities nearby, which could help streamline the development process. It is one of two twin lots recently upzoned to RD-30. As per Sacramento Planning Dept, this would allow for a maximum of 42 dwelling units across both parcels. Seller is open to sell together with twin parcel (7521 Power Inn Rd Sacramento, CA 95828). Benefit from deferring capital gains taxes and potentially eliminating taxes on the new investment's appreciation if the property is developed and held for 10+ years. Situated in an established neighborhood made up of single family residences, multifamily, and newer home construction. Attached with sidewalks and curbs to enhance street access, foot traffic, and the strong built-in demand for housing. Conveniently located just minutes from Florin Town Center, HWY 99, and HWY 50. Also enjoy easy commuter access to highly rated Schools in the Elk Grove Unified District, Little Saigon, Downtown Sacramento, dining, shopping and more everyday amenities. Buyer to verify all info and all development possibilities with the appropriate agencies.