Listed by Turton Commercial Real Estate
$1,027,500
2001-2005 S Street
Details
Property Type Retail
Sub Type Storefront, Commercial
Square Footage 2,644
Units 2
Cap Rate 9.90%
NOI $102,384
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 9.90%
Pro-Forma NOI $102,384
Year Renovated 2024
Lot Size (SqFt) 6,434
Zoning RMX-SP
Parking Spaces 6 spaces
Parking per 1,000 SqFt 2.27
Investment Type Owner/User
Retail | 9.90% CAP | 2,644 SqFt
Marketing description
Price decrease!
2001-2005 S Street is a rare retail conversion opportunity on the corner of 20th and S Street in Midtown, Sacramento. Half of the building was previously utilized by an owner-user as office space, while the other half consisted of two retail suites. The Property now presents a strategic opportunity for a retailer to occupy the entire building, benefitting from strong surrounding retail synergy, prominent corner visibility, and a prime location one block from the Safeway shopping center and two blocks from the Ice Blocks mixed-use development.
The building can achieve its highest and best value if it is repositioned as a retail building and completely refurbished to warm shell condition with retail store fronts.
Investment highlights
- Rare bite-sized owner-user retail building near Safeway in Midtown, Sacramento
- Price Decrease!
- AAA Midtown Location
- Owner-User Retail
- Retail Building For Sale 1 Block From Safeway and The R Street Corridor
- ±2,644 SF Building
- ±6,434 SF Parcel
- 6 Stalls On Site
- 9.9% Pro Forma Cap Rate
- $102,384 NOI
- $3.00/SF NNN Proforma Rent
- S Street - 2,893 Cars Per Day
- 20th Street - 766 Cars Per Day
- HVAC: 2 Split Units (Replaced in 2022 & 2024)
- Roof: Flat, 15 Years Old
- Midtown PBID Services: Yes
- A Prime Location to Leverage R Street Foot Traffic and Retail Demand
Listing Contacts
Listed by Turton Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,384.00
$8,532.00/mo
Valuation Metrics
0
DSCR
9.96%
Cap Rate
9.96%
ROI
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