Property Details
About this Property
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!
MLS Listing Information
MLS #
ME224103798
MLS Source
MetroList Services, Inc.
Days on Site
66
Lots & Land Information
Existing Structures
Other
Present Use
Commercial
Utilities
Public Utilities, Public Utilities, Water - Public
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Zoning
C-2-SPD
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1025 19th St is in Sacramento, CA 95811. This Land is currently priced at $4,500,000. This address can also be written as 1025 19th St, Sacramento, CA 95811.
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This listing information is up-to-date as of September 16, 2024. For the most current information, please contact Jon Lang, (916) 710-0753
