Newmark, as the exclusive advisor, is pleased to present a rare opportunity to acquire a prime multifamily development site located in the thriving
city of Elk Grove, California. This offering consists of approximately 1.1 acres of level, undeveloped land, zoned RD-30, which allows for high-density
residential development—enabling a developer to maximize unit count and design flexibility.
Ideally situated with approximately 210 feet of frontage on East Stockton Boulevard, the site benefits from high visibility and signage potential along
one of the area’s most heavily trafficked corridors. In addition, the parcel is positioned immediately adjacent to U.S. Highway 99, one of the region’s
primary north-south arteries, offering outstanding connectivity to downtown Sacramento and the greater Sacramento Valley.
This strategic location places future residents within close proximity to a broad range of lifestyle amenities, including shopping centers, restaurants,
parks, and entertainment venues. Moreover, the site is well-served by public transit and is just minutes from major employment centers, schools, and
medical facilities—making it ideally suited for a range of multifamily product types including market-rate apartments, workforce housing, or build-torent
townhomes.
Kelly Rivett
Newmark
