$1,050,000
1700 V Street Sacramento, CA 95818
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$1,050,000
Est. payment /mo
3,593 SqFt
Pending
1700 V Street Sacramento, CA 95818
UPDATED:
11/06/2024 04:47 AM
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
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
Lot Size 3,327 Sqft
Acres 0.08
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 Listing
Zoning R-3A
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0090215026000
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Listed by Kelly Rivett • Cornish & Carey Commercial
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