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1218 Alhambra Blvd
Sacramento, CA 95816

Rate Upon Request

Land For Lease  •  1+ SF

Property Details

  • Property Type Land
  • Zoning C-2-SP
49 Transit Score
94 Walk Score

1 Space Available

Name Space Use Size Rent Details
Unkwn Floor Ste - 0.77 AC Rate Upon Request
$0.50 Per SF per Month

  • Date available: Now
  • Lease term: Negotiable
  • Service type: None
  • Space Type: Relet

Description

Turton Commercial Real Estate, as exclusive advisor, is pleased to present the opportunity to lease The Alhambra Block (the “Property”), four parcels totalling ±  33,689 square feet located adjacent the Capital City Freeway along East Sacramento’s busiest thoroughfares. The Property is being offered at a lease rate of $.50 per square foot (SF) per month representing a developer cost of 4.5% on estimated land value of $100/SF. This developer cost is approximately 50% of current land/construction lending rates.

Within blocks of all four major hospitals the Alhambra Block provides an ideal location for multiple development applications including medical, hospitality, multi-family and senior housing. The site is further benefitted by immediate egress and ingress to Interstate 50 and 80 and directly adjacent to L Street and 2 blocks south of J Street, the  two major east west corridors to Sacramento’s Midtown and Downtown submarkets. 

Further benefitted by an idyllic location nestled between a myriad of East Sacramento’s most desirable eateries and cafes and one block from a Safeway grocery, the Alhambra Block is arguably the most  desirable development opportunity in the Sacramento Region.

Highlights

Most economically feasible development opportunity in NorCal
Best development opportunity in the Sacramento Region
SPD zoning allows for medical, hospitality, multi-family, retail and office
High density FAR of up to 6:1.
$0.50 per SF per month - 4.5% land lease rate 40% less than current interest rates
Surrounded by all four major hospitals

Property Flyers

Public Transportation

Transit/SubwayDriveWalkDistance
29Th Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) 1 min 10 min 0.5 mi
23Rd Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) 2 min 19 min 1.0 mi
39Th Street (Gold Line - Sacramento Regional Transit District Light Rail (The RT)) 2 min 20 min 1.0 mi
AirportDriveWalkDistance
Sacramento International 20 min - 13.0 mi
Ken Turton 916-573-3300 Turton Commercial Real Estate
Ken Turton 916-573-3300 Turton Commercial Real Estate