7273 Luther Dr Terrain 0,32 ha À vendre 735 735 € Sacramento, CA 95823

Priced reduced, motivated Seller! Newmark, as the exclusive advisor, is pleased to present the opportunity to acquire Luther Gardens, and approved and entitled development site for a three-story, 24 unit senior apartment building. Located at 7273 Luther Drive, Sacramento, this parcel zoned R-3 and is located in a designated Federal Opportunity Zone.
The proposed Luther Garden senior apartments building is of modern style and is elevator served. The unit mix would be blend of 3-1 bedroom/ 1 bath units and 21-2 bedroom/ 1 bath units, and range in size from 861 sf to 959 sf. All units have 100 sf patio or balcony ( not included in gross SF), plus an assigned carport parking spot. The building will have attractive drought-tolerant landscaping and offer large window, centralized skylights, community lounge, common area, rooftop-carport solar collectors, and rooftop gardens for social gatherings. This opportunity is ideal for the infill developer or investor looking to build and capitalize on the ever growing demand for senior housing in Sacramento.