1729-1731 L St - Storefront Retail/Office FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$1,995,000 USD
916-837-3456
1729-1731 L St, Sacramento, CA for Sale
$1,995,000 USD
Storefront Retail/Office - FOR SALE
1/34
null | 6% Cap Rate

1729-1731 L St
Sacramento, CA 95811
Midtown Sacramento


HIGHLIGHTS

  • 100% Leased – Five Retail/Service Tenants
  • Diversified Retail & Service Tenant Mix
  • Prominent Midtown Corner Location
  • Two Blocks from Midtown Farmers Market
  • 4,300+ New Residential Units Since 2017
  • Highly Walkable Dining, Retail & Entertainment District

OVERVIEW

Excellent opportunity to acquire a 100% leased, five-tenant commercial investment property in the heart of Midtown Sacramento. Located at 1731 L Street and 1124 18th Street, the property consists of approximately 5,250 gross SF / 4,600 net SF on a 3,400 SF parcel and features a distinctive mix of historic architecture, including a Victorian-era component and prominent hard corner commercial frontage. The property is fully occupied by five established retail and service-oriented tenants under modified gross leases, providing diversified income within one of Sacramento’s most desirable and active urban neighborhoods. The offering is priced at $1,995,000, representing a projected 6.0% capitalization rate, with pro forma NOI of approximately $119,721. The property benefits from a highly walkable location surrounded by restaurants, nightlife, retail, residential development and neighborhood amenities, including the Midtown Farmers Market just two blocks away. The property shares the intersection with popular restaurants Aioli, Crepeville and Pazza Notte on each of the other three corners. More than 4,300 new residential units have been added to Midtown since 2017, further strengthening the area’s built-in customer base and long-term investment appeal.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Corner Retail Midtown Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

C-2

APN/PARCEL ID

006-0126-009

ASK ABOUT THIS PROPERTY

Brian JacksJACKS Commercial Real EstateMore Info
916-837-3456

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

Brian JacksJACKS Commercial Real EstateMore Info
916-837-3456

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