2701 Broadway, Sacramento, CA 95818

Property Description

2701 Broadway presents a well-located residential infill development opportunity at the northeast corner of 27th Street and Broadway in Sacramento's urban core, positioned at the convergence of the city's most active growth corridors. The 0.29-acre site is zoned C-2-SPD and offers two distinct development pathways. The site was previously entitled for a 5-story, 31-unit mixed-use building with ground-floor commercial space, a rooftop amenity deck and 20 on-site parking stalls, providing a successful design for a multifamily developer. Alternatively, a buyer could pursue a for-sale rowhouse or live-work concept consistent with Indie Capital's 9B'' project nearby on Broadway, where units have sold in the $750,000-$849,000 range. Private investment along the corridor is accelerating rapidly, headlined by major new mixed-use developments like Tower Broadway (68-unit, 5-story infill project at 1600 Broadway). These developments prove high tenant and buyer demand for modern urban housing while solidifying Broadway's evolution into Sacramento's premier live-work-play strip. Broadway itself has been physically transformed through the City's Complete Streets initiative, converting a car-dominated arterial into a walkable corridor with buffered bike lanes, improved pedestrian crossings and new connectivity to Highway 99. That investment now extends east into Oak Park, where new dining, retail and development activity continue to accelerate. Aggie Square, the $1.1 billion UC Davis innovation district anchored by the UC Davis Medical Center, opened in May 2025, with the new Hospital Tower under construction. At full buildout, the project is projected to generate $500 million in annual regional economic output and support thousands of permanent jobs. That demand is already reshaping the surrounding neighborhood, and 2701 Broadway sits directly in its path. The site is also minutes from Midtown Sacramento, with immediate access to the Sacramento Natural Foods Co-op, local breweries, cafes and the full amenity base that defines Central City living. 2701 Broadway offers genuine project optionality and a compelling land basis in one of Sacramento's most dynamic urban corridors.