IMPROVED LAND FOR SALE OR GROUND LEASE 8973 Grant Line Road Elk Grove CA 95624 ± 4.5 Acre Parcel Sheldon Town Center Excellent Development Opportunity $1,875,000 ($9.40 PSF) Exclusively Listed By: 916. 274. 4433 CA BRE #01796180 2264 Fair Oaks Blvd, Suite 201 Sacramento, CA 95825 CA BRE #01904661
Offering Summary Location Purchase Price Ground Lease Land Area Zoning Grant Line Rd & Wilton Rd Elk Grove, CA 95624 $1,875,000 ($9.40 PSF) Contact Broker for Details ±4.5764 ac (±199,348 SF) GC Traffic at this Intersection Recent zoning changes in the Sheldon Commercial District now allow for: 25,000 cpd CORE Commercial is pleased to offer a ± 4.5 acre parcel of developable land for sale in Elk Grove, CA. The land is located at the northeast quadrant of Grant Line Road and Wilton Road. The seller is motivated and will consider all reasonable offers. The land is zoned GC and has excellent frontage along Grant Line. A proposed expressway connecting Elk Grove to El Dorado County would parallel US-50 and expand Grant Line Road into a 4 or 6 lane thoroughfare. Details on that project are available here. Additionally, Wilton Road provides direct access to and from the town of Wilton and is its primary access route to services. The land offers an investor the opportunity to acquire a well-located piece of real estate with many site improvements already completed, including: Sewer Sump Grading Lighting Stormwater Mitigation Paved Adjacent Aleilani Lane Swainson s Hawk Mitigation Relocated Utilities Single tenant retail buildings up to 15,000 SF Neighborhood market buildings up to 25,000 SF Variety of drive-thru uses SOLD Adjacent Retail (existing, NAP) Adjacent Chevron (NAP)
Potential Site Configuration FUTURE TRAFFIC SIGNAL El Dorado Savings 4.5 Acres of Developable Land
Site Photos Subject Parcel as seen from existing parking lot The newly modified GC zoning provides numerous opportunites for uses at the site. Further, major infrastructure developments have already been made making this parcel immediately ready for construction with little added time and expense beforehand. Subject Parcel as seen from Grant Line Road
Regional Map Elk Grove is contiguous with Sacramento s southern border, and was at a recent time the fastest growing city in the US. An influx of residents from the Bay Area filled the corridor between Laguna Blvd and Elk Grove Blvd, from I-5 to Hwy 99 with 25,000 new homes built in a three-years period. While not entirely unscathed by recent economic downturn, the residents of Elk Grove have fared better than average, due in part to the market s extensive and varied employment base, attractive business environment, and high-growth status. Healthcare providers including Methodist, Sutter, Kaiser and UC Davis Medical have invested millions expanding in the area, and plan more in the future. Average household income for the area is far above the national and state averages at $124,557 (within 3 mile radius of the subject site). Area Map
GRANT LINE RD - 15K VPD Silva s Sheldon Inn Demographics 1 Mile 3 Mile 5 Mile Population 1,000 20,951 89,773 Households 316 5,971 27,263 Avg. Household Income $142,661 $124,557 $93,143 Total Businesses 32 313 2,323 Employees 176 2,193 17,727 Pizza Bell WILTON RD - 10K VPD Sheldon Town Center ± 4.5 Acre Parcel SUBJECT ±2.2 ACRES ALSO AVAILABLE SEPARATE OFFERING GRANT LINE RD - 15K VPD Sheldon Feed & Supply COPYRIGHT 2018. ALL RIGHTS RESERVED. CORE Commercial ( Agent ), CA DRE Lic. 01904661, has presented this brief, selected information pertaining to the Property and shall not be considered all-inclusive or unchanged since the date of preparation. No warranty as to the accuracy or completeness is expressed or implied. The information has been received from sources believed to be reliable but is not guaranteed. Prospective purchasers and tenants should independently verify each item of information and have the same reviewed by its tax advisor and/or legal counsel. The Property is being offered on an as-is, where-is and with all faults basis unless otherwise specified. Owner reserves the right to withdraw this offering at any time, without further notice, with or without cause.