1220 H StSacramento, CA 95814

This 0.44-acre site at 1220 H Street in Sacramento, CA (APN 006-0051-020), is offered at $3,360,000. Zoned General Commercial (C-2-SPD) within the Central City Special Planning District, it boasts a fully entitled redevelopment plan. The property includes a two-story, 10,500 square-foot office building with 45 parking spaces, currently generating revenue. The approved project, redesigned in 2023 by Mogavero Architects, features a striking design with "sawtooth" window bays and a courtyard amenity. The updated plans call for a new 8-story mixed-use addition, resulting in a total of 98-101 residential units and approximately 4,373 square feet of retail space. The project's Design Review has already been approved by the City of Sacramento. This distressed sale presents a unique opportunity to capitalize on the vibrant growth and revitalization of Downtown Sacramento's Alkali Flat neighborhood. The property's Urban Corridor High General Plan designation further enhances its development potential. The existing building and parking spaces offer immediate income potential while the approved project provides a long-term investment opportunity in a rapidly growing market. This is a prime infill site ready for immediate development.