Property listed by KAM Financial & Realty, Inc., Alexander Burgoa 714-401-5464
$749,999
Vacant land parcel FOR SALE located in a Opportunity Zone (U.S. tax incentive program): This flat mostly cleared land borders a city street and existing homes tracts. Signs of utilities nearby, which could help streamline the development process. It is one of two twin lots recently upzoned to RD-30. As… Read More per Sacramento Planning Dept, this would allow for a maximum of 42 dwelling units across both parcels. Seller is open to sell together with twin parcel (7521 Power Inn Rd Sacramento, CA 95828). Benefit from deferring capital gains taxes and potentially eliminating taxes on the new investment's appreciation if the property is developed and held for 10+ years. Situated in an established neighborhood made up of single family residences, multifamily, and newer home construction. Attached with sidewalks and curbs to enhance street access, foot traffic, and the strong built-in demand for housing. Conveniently located just minutes from Florin Town Center, HWY 99, and HWY 50. Also enjoy easy commuter access to highly rated Schools in the Elk Grove Unified District, Little Saigon, Downtown Sacramento, dining, shopping and more everyday amenities. Buyer to verify all info and all development possibilities with the appropriate agencies. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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