5429 Marconi Avenue

Colliers is seeking a qualified developer to acquire this unique ±2.3 acre (100,187 SF) development site zoned RD-40/ RD-10 which allows for a dense two/three-story multifamily development. This type of opportunity is very rare for the Marconi corridor of Carmichael as most sites in the area have already been developed. The opportunity sits at the corner of Garfield Avenue and Marconi Avenue which are both major thoroughfares in every direction of Carmichael, California. The subject property currently has a 1,102 SF single family home on-site that could be generating nearly $1800-2,000 while the next owner works through the entitlement process. The suggested use for this site would be to build out a 70-75 unit affordable or market rate multifamily site per the allowable zoning. Please call the brokers for more details.