1931 P St - Storefront Retail/Residential FOR SALE


Sacramento, CA 95811- Midtown Sacramento
$1,150,000 USD
916-573-3308
1931 P St, Sacramento, CA for Sale
$1,150,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | Request Cap Rate

1931 P St
Sacramento, CA 95811
Midtown Sacramento


HIGHLIGHTS

  • Rare ±1,765 SF mixed-use corner property in Midtown with retail infrastructure and unbeatable visibility at 20th and P Streets
  • Features open window-lined retail space, private rooms, break area with kitchen, laundry, and an en suite restroom
  • Positioned near the Midtown Farmers Market, Ice Blocks, R Street Corridor, Fremont Park, and Lavender Heights
  • Includes two remodeled ±400 SF 1-bed, 1-bath apartments upstairs, leased at $1,295/mo and $1,125/mo
  • Strong traffic exposure with over 17,000 vehicles daily and additional foot traffic from nearby events and parks
  • Patio-ready layout with potential for Type 1 hood and utilities in place for food, beverage, or retail concepts

OVERVIEW

Turton Commercial Real Estate is pleased to present for sale or lease 1931 P Street (The Property), one of the only bite-sized mixed-use stand-alone retail locations in Midtown. With ±1,765 square feet of configurable space for an owner-user or tenant, this high visibility P Street location benefits from over 17,000 vehicles daily and heavy pedestrian traffic. The Property further benefits from the railroad crossing on P between 19th and 20th Streets, sitting just far enough away to not be disruptive while still benefiting from the “captive audience” sitting in traffic multiple times a day. The Property features a window lined open area, private offices/treatment rooms, a break room with kitchen, laundry and storage area, en suite restroom, and onsite parking. This leads to a variety of uses, retail, salon, and with proper conversion work, food and beverage. The ample sidewalk space flanking the property offers a unique opportunity for any owner or tenant to take advantage of Sacramento’s “three-season” weather with patio seating. Situated on the corner of P Street and 20th Street, The Property sits just one block from the south entrance to the Midtown Farmers Market, five blocks from the Ice Blocks development/R Street Corridor, four blocks from John C. Fremont Park, two blocks from The Press multifamily development, five blocks from the 23rd Street SacRT Light Rail station, two blocks from the Truitt Bark Park, and of course, a 5-minute walk from the MARRS Building/Lavender Heights/20th and K. Because of its location in the heart of Midtown, 1931 P Street will continue to benefit from its ongoing revitalization efforts for many decades to come.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-2

APN/PARCEL ID

007-0244-012

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 Policy.