500 16th Street, Sacramento, CA 95811

High density urban infill land for sale in Opportunity Zone. Parcel is approx 6578 sq ft with preliminary design concepts for 28-unit & 16-unit projects. Located on SW corner of 16th St & E St, walking distance to Midtown restaurants, cafes and Downtown employment centers & nightlife. Across from several high-end development projects under construction: 95 units 16th&E, 27 units 16th&F, 95 units 16th&H. Hard corner, measuring approx 80×82 ft, configuration offers numerous possible projects: apartments, single family residences, townhomes, and/or mixed-use with ground floor retail, live/work or office. Sale includes designs & floor plans by BSB Design & Ellis Architects. Zoned C-2 General Commercial. Per the seller, zoning allows up to 28 residential units, with 7-8 parking stalls. Property is currently paved & fenced, could be used as parking lot. Parking is high in demand, rates in the area: $125-$150/month. Rare opportunity to develop infill apartments in OZ & rapidly growing market.