Mixed-Use Land for Sale in Sacramento, California

We're proud to announce the sale of this trophy 40-acre mixed-use parcel within the Sacramento Upper Westside development. Zoning for this parcel conservatively aims for it to be the 2nd most valuable property in the city next to the NBA Kings stadium while the community is set to be one of the most admirable locations across the county and state.

Modeled after iconic destinations like San Antonio's Riverwalk, Napa Valley's Riverfront, and Rick Caruso's The Americana in Los Angeles, The Upper Westside master planned community is aimed to be a one of a kind residential & entertainment destination spot for the city.

The development plan includes:

• A venice-esque canal w/ canoes & kayaks through Main St.
• An outdoor amphitheater & pavilion
• Rooftop bars and outdoor restaurants
• Street accessible retail shopping
• Hotel & travel lodging
• & a profound urban garden for resident use

The new development, Upper Westside, spans 2,063 acres and this 40-acre property is front-and-center on Main Street facing the canal. It's 2.5 miles from DownTown Sacramento and 1 mile from the Capitol of California.

City zoning has a max use for this property to have 968 residential units and 846k sq. ft of commercial space but the eventual buyer will have freedom to construct their vision to what they want it to be while shaping the landscape of the Upper Westside community.

The family trust that reserves the rights to this property is looking to find an ideal neighbor while they are additionally developing an identical / adjacent 40-acre parcel.

We believe the asking price of $22M (as it's noted in the OM) is below fair market value considering a comparative analysis of properties in the area, the expedited & sponsored entitlement, and the vision and location of the Upper Westside community. However, the trust is willing to sell at $16M.

Our projections indicate a value between $35M-$40M in 6-8 months, however our goal is to prioritize a smooth construction start and additionally foster and maintain positive relationships with our neighbors in our beloved, eventual net zero community for Sacramento.

Thanks for your consideration,