Walerga Road & Elkhorn Blvd - Possible High Density Residential Development

Commercial or residential infill development opportunity near southwest corner of Elkhorn Blvd and Walerga Road in Sacramento County with close proximity to I-80, less than two miles to the east. Subject is bordered by a shopping center (north), Highlands High School (south), multifamily (east) and single family (west). The site is generally level with all utilities available from Walerga Road. Parcel offered for sale (#3 - APN 219-0032-009 is 1.20 acres ($499,000); however, the following two parcels are also available, including: #1 - APN #219-0032-004) - 0.97 acres ($399,000) and #2 - APN 219-0032-008 - 1.51 acres ($599,000). #1-3 makes reference to the labeling in attached brochure. All three contiguous parcels comprising +/- 3.77 acres can be purchased for the discounted price of $1,399,000. Parcel 1 is zoned BP (Business Professional) while parcels 2 and 3 are zoned LC (Limited Commercial). The land can be developed as multifamily with planning approval. Since the parcels are situated within 1/4 mile of a transit stop, density could achieve 40/units per acre, yielding up to 150 units (combined).