7400 Shasta Avenue, Elk Grove, CA 95758
- $6,999,000
- List Price
- $6,999,000
- Price Change
- ▼ $401,000 1763606505
- MLS#
- 224055000
- Status
- PENDING
- Lot Area (SqFt)
- 260489
- Acres
- 5.98
- Type
- Land
- Zip
- 95758
- city
- Elk Grove
- Region
- Elk Grove
- Property Type
- Land
Property Description
5.98-acre parcel of land that presents an exceptional opportunity for both residential and commercial development. Situated strategically between Sacramento and Elk Grove, this property is zoned for Residential and Residential Acreage, providing flexibility for a range of projects. Permit for 216 apartments by Sacramento City. Some key highlights of the property include: -Ideal for townhomes, apartment complexes, single family dwelling -Opposite the property is Cosumnes River College, a significant institution that could potentially complement certain types of developments. -The area boasts a population of 52,000 households with a median income of $84,827, indicating a strong market demand for various types of properties. -Easy access to major freeways, Sacramento International Airport, rail lines, and two ports, making it a hub for seamless connectivity. There is no CEQA requirement as it is an infill parcel, streamlining the development process. 2 lots - 2 APN - selling together or separate 2.84 acre - $2,840,000.00 APN/Parcel ID 117-0202-041 5.98 acre $7,440,000.00; APN/Parcel ID 117-0202-042
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Additional Information
- Lot Area (SqFt)
- 260489
- Subtype
- Residential Acreage
- Zoning
- permit for 216 apartments
- Current Use
- Vacant, Other
- Development Status
- Raw Land, Site Plan Approved, Site Plan Filed, Subdivision Possible
- Vegetation
- None
- Road Frontage
- City Street
- Additional Living Unit
- No
- Irrigation
- None
- Special Conditions
- Offer As Is
Mortgage Calculator
Listing courtesy of Statewide Realty & Mortgage.
All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .