Zoning and Development Opportunity:
The property consists of two tax parcels totaling approximately 35 acres, zoned R-3 PUD and Mixed Use, with a perceived density allowance of up to 29 multi-family units per acre. It is believed to be located within an Economic Opportunity Zone, potentially offering tax advantages for qualified investors.
Development Potential:
The seller may consider offering an option to purchase, providing developers time to secure necessary entitlements. The site was previously associated with a proposed senior housing project known as Leisure Vistas, which was tentatively approved for the construction of approximately 850 senior housing units.
Surrounding Environment and Amenities:
This is a rare opportunity to acquire a large infill parcel within the Sacramento city limits, surrounded by approximately 1,000 acres of open space. The area offers access to multi-use trails for hiking, biking, and horseback riding, and is near the proposed Hansen Ranch Lakes Park. Upper-story units could potentially enjoy scenic views of wildlife, open landscapes, and stunning sunsets.
Location and Accessibility:
Centrally located with easy access to Interstates 5 and 80, Highways 70 and 99, and just minutes from downtown Sacramento, the State Capitol, international airport, and Amtrak rail service, this property offers both convenience and scale — ideal for developers seeking to build a vibrant multi-family community.