1025 19th Street
$4,500,000
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Pending
Description
1025 19th Street, also known as the WP Building site, is the premiere Opportunity Zone development opportunity in the City of Sacramento. The property features a 28,913 square foot parcel of land bounded by J Street to the north and K Street to the south, with nearly 400 linear feet of frontage along 19th Street (collectively 27k cars per day), a main thoroughfare through the city. The City of Sacramento has deemed the existing building, which was previously used by the Western Pacific Railroad Company,...1025 19th Street, also known as the WP Building site, is the premiere Opportunity Zone development opportunity in the City of Sacramento. The property features a 28,913 square foot parcel of land bounded by J Street to the north and K Street to the south, with nearly 400 linear feet of frontage along 19th Street (collectively 27k cars per day), a main thoroughfare through the city. The City of Sacramento has deemed the existing building, which was previously used by the Western Pacific Railroad Company, has no historical significance and can be demolished to make way for a new ground-up development project; preliminary investigation supports 240+ units can be constructed on the site. Property benefits from Opportunity Zone tax protections for qualified projects, a rarity in the urban core. AAA location in the heart of Midtown, located adjacent to the historic Sacramento train station (now housing Old Spaghetti Factory) and located on the same block as the MARRS Building and Midtown Farmer's Market. The scarcity of this opportunity, and the ability to construct a truly transformative project in the central city, cannot be understated!
- Listed by Jon Lang • DRE #01934934 • Ken Turton, BrokerP: (916)-710-0753 jonlang@turtoncom.com
Property Details for 1025 19th Street
Zoning Description
Commercial,Residential,Mixed,Multi-Residential
ZoningC-2-SPD
View DescriptionDowntown
LISTING UPDATED: 12/04/2024 12:59 PM
Property Details for 1025 19th Street
Status | Pending |
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MLS # | 224103798 |
Days on Compass | 79 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Other |
MLS Type | Land / Commercial Lot |
Year Built | - |
Lot Size | 0.66 AC / 28,915 SF |
County | Sacramento County |
Building Information for 1025 19th Street
Stories-Residences1Year Built-Lot Size0.66 AC / 28,915 SF
Property Information for 1025 19th Street
Property History for 1025 19th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1025 19th Street
Taxable ValueLand$756,599Additions$432,655Total$1,189,254
Tax Record2024$22,420 ($1,868 / month)
Home Facts
Total Finished SqFt16,441 SqFtAbove Grade Finished SqFt16,441 SqFtStories1StyleOffice BuildingYear Built1960ZoningC-2-SPDCountySACRAMENTOAPN007-0083-018-0000
Schools near 1025 19th Street
This home is within Sacramento City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Washington Elementary PublicK to 6 | ||
Miwok Middle Public7 to 8 | ||
C. K. Mcclatchy High School Public9 to 12 | ||
The Met School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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