Sacramento, CA 95823 7273 Luther DR
$1,200,000
4 more
Presented By: Kelly Rivett with Cornish & Carey Commercial - 916-569-2385
- MLS# ML81997951
- 03/14/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Home Details
An infill developer/investor opportunity to acquire a .79/acre single infill parcel in the City of Sacramento. Located within an Opportunity Zone, this parcel is zoned R-3 and is fully approved and entitled for a three-story, 24 unit senior multifamily building. The proposed development, Luther Gardens, Apartment for Seniors; offers a fantastic opportunity to capitalize on the growing demand for senior housing in an neighborhood with close proximity to medical facilities, shopping centers, schools, freeways, and public transportation.
Presented By: Kelly Rivett with Cornish & Carey Commercial - 916-569-2385
General for 7273 Luther DR
CitySACRAMENTO
City Limits (Y/N)1
CountySacramento
Development StatusApproved Building Plan, Have Building Plans, Site Plan Approved
Incorporated Y/N
Listing Agent State License01249433
Lot Size UnitsSquare Feet
MLS AreaSacto Franklin/Freeport/Vicinity - 10823
Present UseBare Land
Property SubtypeOther Commercial Land
Property TypeCommercial Lots & Land
Special Listing ConditionsNot Applicable
StatusActive
UtilitiesElectricity - Available at Street, Gas - Available at Street
WaterWater Available at Street
Zoning TextR-3
Exterior for 7273 Luther DR
FencingChain Link
Horse PropertyNo
Lot Acres0.7934
Lot DescriptionGrade - Level, Regular
Lot Size Area34560.00
Maximum Lot Size34560.00
Parcel AccessCity Street
Sewer/SepticSewer - Public, Other
Additional Details
Price History
Hal Schlegel
Broker Associate