7298 Stockton Boulevard, Sacramento, CA 95823

Property Description

Prime 5.1‑Acre Stockton Boulevard Infill Site High‑Density Multifamily Redevelopment Opportunity The offering at 7270-7298 Stockton Boulevard represents a rare opportunity to acquire a contiguous 5.1‑acre development site along one of South Sacramento's most active and rapidly evolving commercial corridors. Formerly marketed as two separate parcels, the property has been repositioned to reflect its highest and best use: a garden‑style multifamily community supporting approximately 140-175 units, consistent with Sacramento County's Mixed Use Corridor objectives and strong housing demand. Zoned LC (Light Commercial), the site allows for integrated residential development and benefits from flat topography, excellent visibility, and proximity to transit, employment centers, and neighborhood retail. One parcel previously received County approval for a 38‑unit rental townhome project, demonstrating clear entitlement precedent and County support for residential uses. Combining both parcels unlocks greater density, efficiency, and long‑term value through a unified multifamily plan rather than smaller, disconnected developments. Offered at $2,450,000approximately $11 per square foot or an attractive $14,000-$17,000 per potential multifamily unit - the property provides a compelling land basis compared to competing sites in the region. Typical densities in the corridor range from 28-35 units per acre, supporting a 140-175 unit garden‑style project aligned with current market feasibility. Key advantages include economies of scale, integrated site planning, shared infrastructure, centralized amenities, and reduced per‑unit development costs. Positioned within a designated Mixed Use Corridor, the site benefits from County policies encouraging higher‑density infill, streamlined approvals, and corridor revitalization. Surrounding uses include existing multifamily communities, neighborhood commercial services, and vacant LC parcels with complementary redevelopment potential, reinforcing sustained residential demand. This is a rare, high‑impact opportunity to deliver a scaled multifamily project along Sacramento's resurgent Stockton Boulevard corridor with strong fundamentals, flexible zoning, and long‑term upside.