1017 Front St - Storefront Retail/Office FOR SALE


Sacramento, CA 95814- Old Sacramento
$2,100,000 USD
916-573-3308
1017 Front St, Sacramento, CA for Sale
$2,100,000 USD
Storefront Retail/Office - FOR SALE
1/21
null | 4.47% Cap Rate

1017 Front St
Sacramento, CA 95814
Old Sacramento


HIGHLIGHTS

  • ±12,240 SF three-story mixed-use commercial building in the heart of Old Sacramento Waterfront
  • 67% leased to The Copper Forged, Boss 5 Star Lounge, and Ink & Image LLC
  • Offered at $2,100,000 ($172/SF) with a 4.47% cap rate based on existing rents
  • Located within California’s National Historic Landmark District attracting 5+ million annual visitors
  • Prominent Front Street boardwalk location surrounded by restaurants, entertainment, museums, and retail attractions
  • Value-add investment with leasing upside and owner-user potential in one of Sacramento’s most visited destinations

OVERVIEW

The Booth Building presents the rare opportunity to acquire 1017 Front Street, a three-story, ±12,240 square foot mixed-use commercial building set in the heart of Old Sacramento, California’s National Historic Landmark District and one of the most trafficked tourist destinations in the entire state. Originally constructed in the 1840’s and comprehensively renovated and rebuilt in 1970, the property sits along the iconic Front Street boardwalk in the Old Sacramento Waterfront district, drawing more than 5 million visitors annually from across the globe. Its C-3-SPD zoning within the Central Business District supports a diverse range of retail, entertainment, restaurant, and office uses across its three floors. Offered at $2,100,000 ($172/SF), equating to a 4.47% cap rate on 67% occupancy creating a property opportunity with genuine upside potential for an owner-operator, investor, or end-user seeking to establish a foothold in Sacramento’s most historically significant and visitor-rich submarket, one that benefits simultaneously from both the tourism economy of Old Sacramento and the revitalized energy of Downtown.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

4.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Booth Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

C-3

APN/PARCEL ID

006-0071-041

ASK ABOUT THIS PROPERTY

Matt AxfordTurton Commercial Real EstateMore Info
916-573-3308

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Matt AxfordTurton Commercial Real EstateMore Info
916-573-3308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.