Turton Commercial Real Estate is pleased to present the opportunity to purchase 100% fee simple interest in 601-605 15th Street, a recently renovated mixed-use, owner-user investment opportunity including 4 modern apartment units (three 1-bedroom/1 bath and one 2 bedroom/1 bath) on the 2nd floor and a 3,764 square foot 2nd-generation restaurant space for lease on the first floor. Located in Sacramento’s Urban Core within the historic Alkali Flats neighborhood, this scarce opportunity generates a Proforma Net operating income of $131,548.51.
601-605 15th Street (The “Property”) is an approximate 6,512 rentable square foot, 2-story, mixed-use commercial building situated on an approximate 6,199 square foot parcel of land. The 1st floor consists of fully improved restaurant space for lease. This space includes a large countertop bar, ample open space for tables and guests, a kitchen, walk-in fridge, storage room, manager’s office, and four restrooms. The Second floor consists of 4 modern and recently renovated apartment units. These upgrades include wood panel flooring, updated countertops, custom-cabinetry, dishwashers, cooktops, side-by-side refrigerators, washer/dryer hookups, frameless glass shower enclosures, and all the tenants share a roughly 313 SF patio. In addition, the Property features 5 parking stalls.