$1,050,000
1700 V ST Sacramento, CA 95818
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$1,050,000
Est. payment /mo
3,593 SqFt
UPDATED:
10/16/2024 07:14 PM
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 3,593 sqft
Price per Sqft $292
MLS Listing ID ML81972961
HOA Y/N No
Year Built 1900
Annual Tax Amount $11,550
Lot Size 3,327 Sqft
Acres 0.0764
Property Description
Seller may carry a 1st Mtg! An investor/user opportunity to acquire 1700 V Street, a 2-story mixed-use building located in downtown Sacramento, California. This building is located on the Southeast corner of 17th and V Street, and is comprised of a convenience store ( Nick's Market) and 3 apartment units. NIck's Market, a longtime cornerstone market, occupies the ground floor commercial space and is approximately 1,390 square feet. This lease expires in January 2027, with no options to renew. This allows a user opportunity to operate the c-store or lease to a market operator at twice the amount at current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two- 2/1 bath apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are two- 2 bedroom/ 1 bath apartment flats that were beautifully renovated in 2024. Building/unit renovations include but not limited to: new exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury vinyl plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
Location
State CA
County Sacramento
Area 699 - Not Defined
Zoning R-3A
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Composition
Present Use Commercial,Multi-Family
Total Parking Spaces 2
Building
Story 2
Water Public
Others
Tax ID 00902150260000
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Listed by Kelly Rivett • Cornish & Carey Commercial
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