601-605 15th St - Restaurant FOR SALE


Sacramento, CA 95814- Mansion Flats
$1,895,000 USD
916-573-3306
601-605 15th St, Sacramento, CA for Sale
$1,895,000 USD
Restaurant - FOR SALE
1/23
null | Request Cap Rate

601-605 15th St
Sacramento, CA 95814
Mansion Flats


HIGHLIGHTS

  • Fully improved 2nd generation restaurant space available for owner-user
  • 4 renovated apartments offering strong rental income and shared outdoor patio
  • Recently improved, low maintenance building with modern interiors and upgraded systems
  • 5 on-site parking stalls
  • Prime Downtown location with access to restaurants, cafes and event venues
  • Prime Downtown location with access to restaurants, cafes and event venues

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C2, Sacramento

APN/PARCEL ID

002-0171-002

ASK ABOUT THIS PROPERTY

Hayden NabersTurton Commercial Real EstateMore Info
916-573-3306

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Hayden NabersTurton Commercial Real EstateMore Info
916-573-3306

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