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Listed by Joshua Johnson • Marcus & Millichap, DRE#01930127
$1,700,000
Est. payment /mo
4.24 Acres Lot
New
Address not disclosed Fair Oaks, CA 95628
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Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82059892
Lot Size 4.240 Acres
Property Sub-Type Residential Development Land
Property Description
8452 Madison Avenue is a +/-4.24-acre residential development site in Fair Oaks. The site has frontage and access from Madison Avenue, one of the major surface streets in the area. Currently zoned RD-3, the site can potentially be re-zoned to allow development with single-family residential uses up to 10 units per acre. There is one active new home project in Fair Oaks and one development that recently sold out. Fetz Estates is a custom home development with only 12 lots. Homes in this community start at $1.2 million. The Heritage at Gum Ranch is a 251-home development that recently sold out. Recent sales in this community start in the low $800,000s, with some homes selling in the mid-$900,000 range. The subject property is less than ten minutes drive to several major shopping centers. Target, Walmart, Raleys, Safeway, Trader Joes, Grocery Outlet and WinCo Foods are all nearby. Additionally, there are dozens of restaurants, shops, and service businesses in the neighborhood.
Location
State CA
County Sacramento
Area Fair Oaks
Zoning RD-3
Exterior
Fence None
Utilities Available Public Utilities
Present Use Residential,Zone Change Possible
Building
Lot Description Grade - Mostly Level, Surveyed
Sewer Sewer - Public
Water Water On Site
Others
Tax ID 249-0150-004-0000
Horse Property No
Special Listing Condition Not Applicable
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