The Orville Wright Park used to be part of the School.
Hark! a Unicorn
“Oh my God! You have a Unicorn.” The site for sale in Sacramento’s San Juan School District is located near Watt and El Camino. The Campus at 2331 Saint Mark’s Way presents a unique opportunity for educational institutions and housing developers. Religious organizations and sanctuaries for the enlightened-metaphysical-time-traveler have shown interest….. but the timing isn’t quite tight.
Upzoning or an Enhanced CUP is a Realistic Expectation
The 4.54-acre site is zoned RD5 – and upzoning it to RD10 – is a realistic expectation. For a school, the existing conditional use permit (CUP) only allows for 135 students, while the campus can accommodate 350 to 400 Students. I met with the County Planning division, and they said that upgrading the CUP shouldn’t be a problem, but it will take eight to 12 months to get it done. Immediately south of the site is the 4.2 acre Orville Wright Park.
Enough classroom space for 400 Kids.
Increasing the density to RD10 is a realistic goal for residential development, but it will take 18 to 24 months to achieve. At RD10, the site will accommodate about 45 new homes, rather than about 20.
“While the property is considered a Unicorn by schools, for housing – it’s rare Suburban infill.”
Key Points:
- Location: The campus is nestled in a neighborhood of single-family homes, providing a tranquil setting while being close to a transitioning regional mall and various retail options along Watt Avenue.
- Buildings and Space: The DDSO Campus consists of eight buildings, totaling approximately 28,000 square feet. Given its vintage, significant upgrades would be necessary if another school were to occupy the site.
- Zoning and Infrastructure: The property is zoned RD-5, allowing residential development. It features on-site parking and has undergone recent improvements, including new HVAC systems and roofs.
- Sales Price: $3,900,000.
- Funding Opportunities: Senate Bill 740 provides financial assistance for charter schools that meet specific criteria, which could be beneficial if the site is repurposed for such use. Proposition 2: Recently approved, this proposition allocates significant funds for the construction and modernization of public education facilities, including charter schools, which could support redevelopment efforts.
The DDSO Campus at 2331 Saint Marks Way offers a compelling opportunity for a local residential developer or a school. Most of the interest is from schools, but residential developers are circling.