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Listed by Joshua Johnson • Marcus & Millichap
$ 1,700,000
Est. payment /mo
New
8452 Madison Avenue Fair Oaks, CA 95628
184,695 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 184,695 sqft
Price per Sqft $9
MLS Listing ID ML82059892
HOA Y/N No
Lot Size 4.240 Acres
Property Sub-Type Unimproved Land
Source Datashare MLSListings
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
Interior
Fireplace No
Building
Lot Description Mostly Level
Schools
School District San Juan Unified, San Juan Unified
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