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1578 Creekside Dr 2.37 Acres of Residential Land Offered at $2,500,000 in Folsom, CA 95630
INVESTMENT HIGHLIGHTS
- Excellent visibility at hard corner
- Walking distance to hospital, clinics, Folsom medical core
- Walking distance to numerous retail amenities
EXECUTIVE SUMMARY
Possible ± 26,000 SF two-story office/medical building
Located along major thoroughfare, East Bidwell corridor
Excellent visibility and high traffic counts (±28,338 cars per day)
Located within 1 mile from major Folsom Retail Centers, including Folsom Square, Willow Creek Town Center, Folsom Town Center, and Commonwealth Square
Numerous national credit anchors within 1 mile including, Target, Homegoods, Trader Joe’s, Lowe’s, Petco, Spouts, Dick’s Sporting Goods and Raley’s Grocery Store
APN: 071-1960-001-0000
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,500,000 | Lot Size | 2.37 AC |
| Price Per AC | $1,054,852.32 |
| Price | $2,500,000 |
| Price Per AC | $1,054,852.32 |
| Lot Size | 2.37 AC |
One (1) Parcel of Land in the Heart of Folsom’s Business and Retail Core Zoning allows for commercial, office, medical or multifamily Lot size: ±2.37 acres Usable: ± 1.91 Net Usable Acres
DESCRIPTION
This site is zoned Business Professional (BP) within a Planned Development Overlay District (PD); this zone is intended for office/commercial uses. However, the site is within the East Bidwell Corridor (EBC) Mixed-Use General Plan Overlay, which does allow for residential uses of a density at least 30 dwelling units/acre and an FAR between 0.2 – 1.5. This overlay designation gives property owners along the East Bidwell Corridor the flexibility to develop sites as mixed-use. It provides for a mixture of commercial and residential uses that are mutually compatible along East Bidwell Street. This designation balances existing commercial uses with future mixed-use development. This designation allows for multifamily housing as well as shops, restaurants, services, offices, and other compatible uses. For mixed-use development that includes residential uses as well as standalone residential developments within this overlay, building intensity standards are established by minimum residential density and maximum FAR. Intensity of nonresidential development is regulated by minimum and maximum FAR. Source: City of Folsom
PROPERTY TAXES
| Parcel Number | 071-1960-001 | Improvements Assessment | $0 |
| Land Assessment | $1,731,890 | Total Assessment | $1,731,890 |
PROPERTY TAXES
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1578 Creekside Dr
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