Meadowview & 24th St 3.4 Acres of Commercial Land Offered at $1,250,000 in Sacramento, CA 95822

The property consists of two (2) rectangular parcels zoned R-1. The property is a prime development opportunity providing many viable options for a project, highlighted by a residential multifamily, mixed-use project, or single family for sale subdivision. Under the new 2040 General Plan which went into effect in March 2024, the Property has land use designation of Residential Mixed Use (RMU). The single-unit zoned site could be subdivided into individual lots for single-family homes with up to two ADU’s on each lot. The minimum density is three (3) dwelling units per acre. Alternatively, the developer can take advantage of Sacramento’s first in the state Missing Middle Housing ordinance and have a maximum unit restriction based solely on the Maximum Floor Area Ratio (FAR). Based on land area of approximately 148,104 square feet, the site provides an opportunity to develop up to 296,200 square foot building. The Property is in a highly-amenitized residential neighborhood setting proximate to some of Sacramento’s best shopping, entertainment, parks, schools, recreation, as well as major employment centers. Delta Shores is a short 10-minute drive to the west, Downtown Sacramento is 6 miles north, and Elk Grove is 4 miles south.