246 N Sutter St - Apartments CONDO FOR SALE


Stockton, CA 95202- Downtown Stockton
$595,888 USD
209-765-8568
246 N Sutter St, Stockton, CA for Sale
$595,888 USD
Apartments CONDO - FOR SALE
1/29
3,750-12,000 SF | Request Cap Rate

246 N Sutter St
Stockton, CA 95202
Downtown Stockton


HIGHLIGHTS

  • LENDER-OWNED commercial condominium opportunity totaling approximately 15,000 SF
  • Includes approximately 5,000 SF on the 11th & 12th floors
  • Millions invested in capital improvements
  • Residential units on Floors 2–9 & Managers office on the ground floor are NOT included in the sale.

OVERVIEW

LENDER-OWNED – Motivated seller. Commercial condominium sale only; residential apartments on Floors 2–9 are not included. Ground floor can potentially be divided into approximately four to eight commercial condominium suites with demising walls (subject to approvals). Multiple APNs provide flexibility for individual resale or phased disposition. Approximately 17-foot ceilings with exposed brick and multiple storefront entrances. Millions invested in seismic upgrades, elevators, fire sprinkler system, electrical, plumbing, windows, doors, and structural improvements. Utilities have been installed but are currently inactive. Includes approximately 2,000 SF basement storage. Separate 11th and 12th floor condominium units totaling approximately 5,000 SF with panoramic downtown views. Existing telecommunications lease on the 10th floor offers additional income potential. Located within Stockton's Opportunity Zone and central downtown redevelopment area. Excellent potential for retail, restaurant, medical, office, boutique, entertainment, fitness, or mixed-use development. Walking distance to the Courthouse, County Offices, Arena, Hotels, Waterfront, and Downtown Transit Center. One of Downtown Stockton's most recognizable historic buildings. Contact Listing Broker for condominium maps, preliminary title information, APN details, floor plans, and showing instructions.

FOR SALE DETAILS

PRICE

$595,888 USD

CAP RATE

Request Cap Rate

# OF UNITS

4

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Medici Artist Lofts

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

57,000 SF

STORIES

12

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

CD

APN/PARCEL ID

139-250-05,139-250-06,139-370-01,139-370-02,139-370-04,139-370-05,139-370-06

ASK ABOUT THIS PROPERTY

Andrew HernandezRE/MAX Gold CommercialMore Info
209-765-8568

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Andrew HernandezRE/MAX Gold CommercialMore Info
209-765-8568

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