1630 I St | Sacramento, CA 95814
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1630 I St
Sacramento, CA 95814
1630 I Street Development Opportunity · Property For Sale · 33,830 SF Total
Investment Highlights
- ±32,000 SF development site in Midtown Sacramento with income in place
- Two parking facilities with ±90 spaces offering immediate revenue potential
- Designated Opportunity Zone with significant tax advantages
- Located near key retailers such as Target, BevMo!, and the upcoming Whole Foods Market
- ±5,830 SF office/retail building ideal for short-term leasing
- Prime location near the Theatre District, Handle District, and Lavender Heights
Executive Summary
Positioned in the heart of one of Sacramento’s most vibrant neighborhood, this 32,000 SF development site (with income in place) presents a unique investment opportunity with significant upside potential. Located within an Opportunity Zone, this property offers a variety of income-generating opportunities in the short term while setting the stage for a high-value, large-scale redevelopment in the future. The site sits on the same block as a highly anticipated grocery development, making it an anchor for future growth and activity in Midtown Sacramento.
One of the unique advantages of this property is its ability to generate income even before redevelopment begins. Investors can immediately capitalize on parking revenue and leasing. With two parking garages offering space for approximately 90 vehicles, the property can generate a consistent stream of income. In a location where parking is at a premium, this is a valuable asset for those looking to optimize cash flow. Additionally, the vacant 5,830 SF office/retail building offers the opportunity to secure a tenant and start earning rental income while simultaneously planning a larger-scale redevelopment project. The building’s flexible layout makes it suitable for a variety of uses, from professional services to creative retail concepts.
For developers and investors, the site’s designation within an Opportunity Zone adds substantial value. Opportunity Zones offer significant tax incentives for long-term investments, making this a compelling option for those looking to maximize their return on investment. Whether it’s a mixed-use residential and commercial project, multi-family development, or a retail-focused endeavor, this site provides the flexibility to bring ambitious visions to life.
This development site at 1630 I Street offers a rare combination of immediate cash flow and long-term development potential. Investors have the opportunity to secure a valuable foothold in a dynamic neighborhood while leveraging Opportunity Zone tax benefits for long-term value creation.
One of the unique advantages of this property is its ability to generate income even before redevelopment begins. Investors can immediately capitalize on parking revenue and leasing. With two parking garages offering space for approximately 90 vehicles, the property can generate a consistent stream of income. In a location where parking is at a premium, this is a valuable asset for those looking to optimize cash flow. Additionally, the vacant 5,830 SF office/retail building offers the opportunity to secure a tenant and start earning rental income while simultaneously planning a larger-scale redevelopment project. The building’s flexible layout makes it suitable for a variety of uses, from professional services to creative retail concepts.
For developers and investors, the site’s designation within an Opportunity Zone adds substantial value. Opportunity Zones offer significant tax incentives for long-term investments, making this a compelling option for those looking to maximize their return on investment. Whether it’s a mixed-use residential and commercial project, multi-family development, or a retail-focused endeavor, this site provides the flexibility to bring ambitious visions to life.
This development site at 1630 I Street offers a rare combination of immediate cash flow and long-term development potential. Investors have the opportunity to secure a valuable foothold in a dynamic neighborhood while leveraging Opportunity Zone tax benefits for long-term value creation.
PROPERTY FACTS
| Price / SF | $243.94 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 33,830 SF |
| Status | Active | Total Land Area | 2.17 AC |
| Number of Properties | 3 |
| Price / SF | $243.94 CAD / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 33,830 SF |
| Total Land Area | 2.17 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1630 I St, Sacramento, CA 95814 | Retail | 5,830 SF | 1960 | - |
| 948 17th St, Sacramento, CA 95814 | Industrial | 8,000 SF | - | - |
| 1616 I St, Sacramento, CA 95814 | Specialty | 20,000 SF | 1958 | - |
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