8864 Greenback Lane, Orangevale, CA 95662

Property Description

Exceptional commercial investment, owner-user and redevelopment opportunity on Greenback Lane near Hazel Ave. Situated on approx. 0.86 acres (37,408 SF), 8864 Greenback Ln offers approx. 7,970 SF of existing improvements consisting of a multi-suite office/commercial building plus an automotive service building and yard area. Located within the Greenback Lane Special Planning Area (SPA), GC Subzone, the property offers flexibility for its existing commercial uses while presenting compelling longer-term redevelopment potential. The sizable parcel and prominent Greenback Lane location provide an opportunity for a buyer to benefit from current income and owner-user potential while considering future development possibilities. The office building is currently configured into 5 suites, with the largest suite offering potential for further division. Multiple vacant suites provide an opportunity for an investor or owner-user to renovate, occupy and/or lease additional space. The automotive building and yard provide additional flexibility for service-oriented commercial use. Location is a major part of the opportunity. The property is positioned within an established commercial and automotive corridor near the heavily traveled Greenback Ln/Hazel Ave intersection, with substantial reinvestment occurring nearby. The adjoining property is undergoing redevelopment for an automotive/tire-related business, while additional new commercial construction is underway across the street. A unique opportunity to acquire a sizable Greenback Lane commercial parcel with existing improvements, income and owner-user potential today, along with flexibility for future redevelopment as the surrounding corridor continues to evolve.