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16th Street

Sacramento, CA 95818
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Acres (Lot)

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Shovel-ready development project in Midtown Sacramento. High-quality urban infill site +/-.44 acres with fully approved entitlements for mixed-use multifamily development with two versions: 60 units in 5 story building and 31 units in 3 story building. Prominently situated on the NE corner of 16th & V Streets, providing high visibility identity signage for retail/commercial. A stone's throw from Ice Blocks, the site is a natural extension of the vibrant R Street Corridor - most sought-after submarket of Sacramento. 16th St. is the spine of the urban core connecting to premier retail, dining, nightlife in Midtown, & major employment centers in Downtown. Residents enjoy short bike ride to Golden1 Center, DOCO, Land Park, Midtown Farmers Market, Target, Safeway, and Sacramento's best amenitie s and entertainment. Site Plan & Design Review are fully approved to construct 57,950 sq ft 60-unit mixed-use building incl. 3 live-work units, 21 parking stalls, 50376 sq ft commercial/retail space. Mix of studios, 1-bed & 2-bed. Since entitlements approved, owner got approvals for 31-unit project to get higher parking ratio, higher rents, & value-engineering construction type. The result provides a buyer with flexibility, cost savings, and certainty to pull permits and break ground quickly!

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Detail Ic Property Details

Property Type : Land

Price : $2,900,000

AD Id : 68703314

MLS Id : 225114761

County : Sacramento

  • Map Map

Map

Feature Features

  • Water/Sewer

    Sewer: Public Sewer
  • Heating & Cooling

    WaterSource: Public

  • Road Types

    City Street

  • Lot Information

    Lot Description: Corner Lot Square Feet: 19,600 Topography: Level

    Property Information

    Property Type: Land Sub Type: Residential Lot Cross Street: V Street Source Neighborhood: 10818 Postal Code Plus 4: 1508 Area: Sacramento S: 95818 Zoning: Residential, Retail, Mixed, Multi-Residential

    Farm Info

    Irrigation Source: Public

  • Listing Price Information

    Listing Id: 225114761 List Price: $2,900,000

  • Tax Information

    Parcel Number: 009-0154-023

  • Elementary School District: Sacramento Unified
    Junior High School District: Sacramento Unified
    Senior High School District: Sacramento Unified
  • Utility Information

    Public
  • Location Information

    Direction: 16th Street and V Street
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
10th Street, Sacramento, CA, 95818 $8,995,000 -- -- -- 9,600.62 Sqft(Lot)
28th Street, Sacramento, CA, 95818 $1,495,000 -- -- 4,213 Acres (Lot)--
27 Street, Sacramento, CA, 95818 $1,750,000 -- -- -- Acres (Lot)--
Broadway, Sacramento, CA, 95818 $2,295,000 -- -- -- Acres (Lot)--
Tomato Alley, Sacramento, CA, 95818 $299,900 -- -- -- Acres (Lot)--
27th Street, Sacramento, CA, 95818 $749,000 -- -- 1,407 3,484.80 Sqft(Lot)
U Street, Sacramento, CA, 95818 $2,980,000 -- -- -- 9,583.20 Sqft(Lot)
V Street, Sacramento, CA, 95818 $1,820,000 -- -- 4,825 6,534 Sqft(Lot)
W Street, Sacramento, CA, 95818 $1,049,000 -- -- 3,097 1,437.48 Sqft(Lot)
2010 Broadway, Sacramento, CA, 95818 $249,000 -- -- -- 3,920.40 Sqft(Lot)

ByOwner last updated this listing 06/10/2026 @ 01:24

MLS: 225114761 LISTED BY: Patrick Stelmach, CBRE Inc. SOURCE: MLS Metrolist

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