CBRE is pleased to present the opportunity to acquire a half city block in the heart of Midtown Sacramento, entitled for 248 multifamily units, on the hard corner of 21st Street and Q Street. The Property represents one of the largest development opportunities available in urban core Sacramento. The site is approximately 1.19 acres or 51,836 square feet of land, zoned General Commercial (C-2-SPD). An irreplaceable landmark location in the most sought-after submarket of Sacramento, the Property is across from The Press luxury apartments and the planned redevelopment of The Sacramento Bee headquarters. Q Street connects to premier retail at Ice Blocks and major employment centers in Downtown. This location offers residents exceptional walkability (Walk Score 90/100) and new protected bike lanes throughout the vibrant neighborhood. This lively area boasts Sacramento’s best restaurants, attractions, theatres, art galleries, and music venues. The Midtown Farmers Market – with 160+ vendors a mere 5 blocks from the Property - was voted as the #1 best farmers market in California and the #3 best in the nation. Site Plan and Design Review are fully approved to construct a six-story, approx. 290,000 square foot, mixed-use building with 248 apartments and two live/work units. The size, configuration, and flexible zoning make it an excellent opportunity for a variety of uses, including retail or affordable housing.