Franklin/Freeport/Vicinity Land for Sale

Franklin/Freeport/Vicinity Land for Sale

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Newest Franklin/Freeport/Vicinity Land for Sale

$3,430,000
226078083 MLS
Institutional Quality Multifamily Land within Delta Shores - northwest corner of Cosumnes River Blvd and 24th Street. Opportunity to acquire the HDR-10 Land Site, a 5.0 acre multifamily residential development site for up to 135 units in Delta Shores North, 800 acre master planned community in Sacramento, CA. Strategically located between Delta Shores and Stone Beetland communities, the HDR-10 Land Site is immediately adjacent to the Delta Shores regional retail shopping center and ten new single-family communities of 1,400 homes recently completed and under construction. Zoning allows potential development of 15-27 units per acre, ideal for three or four story garden style design, market-rate apartments or affordable housing (site is located in DDA). HDR-10 is the first multifamily site available in Delta Shores North phase of the master plan. Backbone infrastructure improvements underway and to be completed prior to closing. Delta Shores shopping center is one of Sacramento's strongest performing retail destinations. The Delta Shores community integrates residential neighborhoods, regional retail, employment access, and lifestyle amenitiescreating one of the most complete live work play environments in the Sacramento metropolitan area. Located right off Interstate-5, residents have an easy commute to the Downtown Sacramento CBD to reach the region's largest employers including the State of California, Kaiser Permanente, Sutter Health, UC Davis Medical Center, CalPERS and CalSTRS. Just 10-minutes south is Apple's local headquarters with over 5,000 employees. Anchored by national and regional tenants including Walmart, Dick's Sporting Goods, Old Navy, and Ross Dress for Less. Living Spaces and RC Willey operate only a limited number of locations across Greater Sacramento, signaling strong retailer conviction in the trade area Delta Shores attracts shoppers from affluent Pocket, South Land Park, and portions of Elk Grove. Within 2 miles of HDR-10 Site are four different grocery store options including Nugget Market and Bel Aire. Delta Shores offers a cleaner, newer, more attractive shopping experience than much of South Sacramento. For multifamily residents, this translates into rare walk and drive convenience, significantly enhancing renter appeal and leasing velocity.

Delta Cove Drive, Sacramento

Listing courtesy of CBRE Inc..

$2,450,000
226038181 MLS
Prime 5.1‑Acre Stockton Boulevard Infill Site High‑Density Multifamily Redevelopment Opportunity The offering at 7270-7298 Stockton Boulevard represents a rare opportunity to acquire a contiguous 5.1‑acre development site along one of South Sacramento's most active and rapidly evolving commercial corridors. Formerly marketed as two separate parcels, the property has been repositioned to reflect its highest and best use: a garden‑style multifamily community supporting approximately 140-175 units, consistent with Sacramento County's Mixed Use Corridor objectives and strong housing demand. Zoned LC (Light Commercial), the site allows for integrated residential development and benefits from flat topography, excellent visibility, and proximity to transit, employment centers, and neighborhood retail. One parcel previously received County approval for a 38‑unit rental townhome project, demonstrating clear entitlement precedent and County support for residential uses. Combining both parcels unlocks greater density, efficiency, and long‑term value through a unified multifamily plan rather than smaller, disconnected developments. Offered at $2,450,000approximately $11 per square foot or an attractive $14,000-$17,000 per potential multifamily unit - the property provides a compelling land basis compared to competing sites in the region. Typical densities in the corridor range from 28-35 units per acre, supporting a 140-175 unit garden‑style project aligned with current market feasibility. Key advantages include economies of scale, integrated site planning, shared infrastructure, centralized amenities, and reduced per‑unit development costs. Positioned within a designated Mixed Use Corridor, the site benefits from County policies encouraging higher‑density infill, streamlined approvals, and corridor revitalization. Surrounding uses include existing multifamily communities, neighborhood commercial services, and vacant LC parcels with complementary redevelopment potential, reinforcing sustained residential demand. This is a rare, high‑impact opportunity to deliver a scaled multifamily project along Sacramento's resurgent Stockton Boulevard corridor with strong fundamentals, flexible zoning, and long‑term upside.

7298 Stockton Boulevard, Sacramento

Listing courtesy of CBRE Inc..

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All measurements and all calculations of area (i.e., Sq Ft and Acreage) are approximate. Broker has represented to MetroList that Broker has a valid listing signed by seller authorizing placement in the MLS. Above information is provided by Seller and/or other sources and has not been verified by Broker. Copyright 2026 MetroList Services, Inc. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of MetroList® MLS. All information has been provided by seller/other sources and has not been verified by broker. All interested persons should independently verify the accuracy of all information. Last updated .

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