Pending
1025 19th Street
Sacramento CA, 95811
$4,500,000
Pending
Commercial
1025 19th Street, also known as the WP Building site, is the premiere Opportunity Zone development opportunity in the City of Sacramento. The property features a 28,913 square foot parcel of land bounded by J Street to the north and K Street to the south, with nearly 400 linear feet of frontage along 19th Street (collectively 27k cars per day), a main thoroughfare through the city. The City of Sacramento has deemed the existing building, which was previously used by the Western Pacific Railroad Company, has no historical significance and can be demolished to make way for a new ground-up development project; preliminary investigation supports 240+ units can be constructed on the site. Property benefits from Opportunity Zone tax protections for qualified projects, a rarity in the urban core. AAA location in the heart of Midtown, located adjacent to the historic Sacramento train station (now housing Old Spaghetti Factory) and located on the same block as the MARRS Building and Midtown Farmer's Market. The scarcity of this opportunity, and the ability to construct a truly transformative project in the central city, cannot be understated!
224103798
MLSⓇ ID
September 16, 2024
Listed
December 4, 2024
Updated
Map
1025 19th Street
Sacramento CA, 95811
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.66 Acres
Lot Features
Corner Lot, Level
Sewer
Public Sewer
School Information
School District
Sacramento Unified
Other Property Details
Garage
No
View
Yes
View Description
Downtown
County
Sacramento
Water Source
Public
Pool
No
Zoning
Commercial,Residential,Mixed,Multi-Residential
Listing History
Date | Event | Price |
|---|---|---|
12/4/2024 | Pending | — |
Courtesy of Ken Turton, Broker, Jon Lang,
Listing Contact:
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