Target & Walmart Shadow 1.16 Acres
Rancho Cordova, CA 95670
Sacramento County, California
Land Description
RI Marketplace Online Auction Nov 18-20, 2024.
Register to bid on Marketplace.
Marcus & Millichap is pleased to present 1.16 acres of undeveloped land located adjacent to 10701 Folsom Blvd (the “Property”) in Rancho Cordova, California. The Property is offered at a substantial discount and offers an exceptional owner/user or investment opportunity with significant value enhancement potential via development.
The Property consists of two parcels totaling ±1.16 acres situated near the hard corner of Folsom Blvd and Zinfandel Dr. The Property is well positioned with visibility and frontage on Folsom Blvd and benefits from traffic counts of 15,414 vehicles per day. The Property is in Rancho Cordova's dominant retail corridor near a mix of residential, industrial, and retail demand generators. Nearby retailers include Target, Walmart, Dollar Tree, Safeway Grocer, Michaels, Ulta, Starbucks, Lowe's, Jack in the Box, Subway, Planet Fitness, Bank of America, Ross, Marshalls, and more. The Property benefits from CMU zoning, Commercial Mixed-Use District, with flexible uses permitted including retail, professional office, storage warehouse, and many more. For live/work/play optionality, residential with a density between 10-18 units per acre is also permitted by right when integrated vertically with commercial use.
Rancho Cordova is a city located in Sacramento County, approximately 12 miles east of downtown Sacramento. The city is strategically positioned along U.S. Route 50, providing easy connectivity to Sacramento, the San Francisco Bay Area, and Lake Tahoe. Rancho Cordova has a strong economy anchored by industries such as healthcare, technology, finance, and government services. The area is home to several corporate headquarters, including major employers like VSP Global and Health Net. The Property's location offers excellent real estate fundamentals within a robust area and extremely dense and compelling demographics with a 2024 population of ±223,941People and average annual household income of within a 5-mile radius.
Emilio Lemeni
c/o Fisher Auction Company Inc.
License: 00961384
