PRICE REDUCED!! Urban living at its finest: shovel-ready residential development opportunity in the heart of Downtown Sacramento! 617 15th Street is a 2,969 SF net land parcel ideally located on southeast corner of 15th St and Fat Alley, across from UC Davis Health Pavilion, Broadway Sacramento, and Milka Coffee, and just a short walk to the State Capitol, Golden 1 Center/DOCO, and Sacramento's top restaurants. Zoned C-2-SPD (General Commercial / Central City SPD) with Residential Mixed Use designation, the site supports multifamily apartments, alley townhomes, or a single-family home. With a max FAR of 6, a building envelope of up to 17,800 SF is possible ideal for a 17-20 unit project. The property is shovel-ready with fully approved entitlements and construction documents for a luxury single-family home. Two design options: a 4-story, 3,758 SF residence with 4-car garage, 3 bedrooms, 3.5 baths, roof terrace, and balcony; or a 3-story, 2,991 SF home with 3-car garage, 3 bedrooms, 3 full / 2 half bathrooms, and 2 balconies. Property already has installed: temporary electrical service, new power pole, and new good neighbor fence. Charming historic neighborhood of Victorians with new developments on 15th and 16th Streets. Come be part of the exciting transformation of Downtown Sacramento!