860-870 Riske Ln - Residential LAND FOR SALE


West Sacramento, CA 95691- The Bridge District125,845 SF
$4,950,000 USD
916-751-3625
860-870 Riske Ln, West Sacramento, CA for Sale
$4,950,000 USD
Residential LAND - FOR SALE
1/7
125,845 SF

860-870 Riske Ln
West Sacramento, CA 95691
The Bridge District


HIGHLIGHTS

  • West Sacramento’s Most Exciting Residential and Commercial Development Opportunity
  • Located in Opportunity Zone (#06113010201)
  • Located in the Heart of the Bridge District

OVERVIEW

“West Sacramento’s Most Exciting Residential and Commercial Development Opportunity” The future development of the property will be Mixed-Use Commercial/ Residential, Office or Medical. The Bridge District is located within a qualified Opporunity Zone. The current operation of the Sacramento Stucco Co. has been located there for many decades predating the installation of The Bridge District’s specific plan, which is West Sacramento’s attempt to revitalize and utilize its waterfront real estate. The property in total is 2.87 acres consisting of two parcels (1.16 AC & 1.71 AC). The property is located at the northwest corner of 5th and Bridge Street with an off-ramp directly adjacent to the property from Highway 50/Business-80. It is located to the north of the highway and to the south of the Tower Bridge which connects Downtown Sacramento to West Sacramento. It is also about 0.25mi south of Raley Field, home to the Rivercats minor league baseball team. Immediately east of the property are multiple new residential developments consisting of townhomes and apartments, built by Fulcrum Development, and also The Barn—a multi-use event center with a tap room and restaurant. The property’s strengths include its prominent location within The Bridge District, its future zoning as Waterfront Commercial and the fact that the City of West Sacramento is excited and encouraging mixed-use, high-density development in this area. The City of West Sacramento is a friendly and resourceful municipality to work with that encourages development and streamlines the process for developers. The current industrial operation on the property, Sacramento Stucco Co., can continue to operate under the current zoning; however, once the occupant leaves the property, the zoning will convert to a WF zoning code (Waterfront Commercial). At that point, no more industrial uses will be allowed in The Bridge District. Only mixed-use, high-density residential, office, medical, and retail will be permitted for the future use of the property.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/ACRE

$1,713,396/AC

PRICE/SF

$39 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Multi-Family, Hospitality, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Auto Dealership, Bank, Car Wash, Convenience Store, Day Care Center, Drug Store, Fast Food, General Freestanding, Health Care, Hold for Development, Hold for Investment, Hospital, Hotel, Master Planned Community, Medical, Neighborhood Center, Office Park, Parking Lot, Planned Unit Development, R&D, Religious Facility, Restaurant, Retail Warehouse, Schools, Service Station, Storefront, Storefront Retail/Office, Storefront Retail/Residential, Strip Center, Supermarket, Winery/Vineyard

LAND ACRES

2.89 AC

LAND SF

125,845 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

WF

APN/PARCEL ID

058-310-018-000,058-310-019-000

ASK ABOUT THIS PROPERTY

Tyler BoydKidder MathewsMore Info
916-751-3625

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Tyler BoydKidder MathewsMore Info
916-751-3625

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.