66th & 6500 Elvas Ave
Retail
Marketing description
Sitting squarely in the middle of the thriving and rapidly growing submarket of East Sacramento, 6500 Elvas Ave, Sacramento, CA 95819 ("The Property") represents one of the few remaining flexible commercial opportunities in this highly sought-after area. Just 0.3 miles from Highway 50 and 65th Street, and located under 200 feet from Hornet Xing, the primary pedestrian entry point on the west side of Sacramento State, the Property benefits from consistent daily foot traffic combined with strong visibility and exposure to over 15,800 cars per day on the corner of 65th Street and Elvas Avenue.
The Property consists of an approximately 9,600 square foot building along with an approximately 16,875 square foot fenced-in yard, a highly unique combination for East Sacramento. The Property and its zoning allow for a wide range of retail, service, and commercial uses, while still capitalizing on the visibility and consumer activity driven by its proximity to the Sacramento State campus.
This property is not just an excellent lease or sale opportunity, but a mixed-use development opportunity given its proximity to the university. By right the building parcel would allow 74,000 square feet of vertical development, while the yard parcel allows for 67,500 square feet of development, both with an FAR of 4:1.
Offered as a bundle of $2,500,000. Also available separately at $2,100,000 for the 9,600 square foot building and $500,000 for the 16,875 sf yard.
Also available for lease at $1.20 per square foot per month, NNN, for the building and $0.18 per square foot per month, NNN, for the yard.
Investment highlights
- 9,600 SF Building + 16,875 SF Yard
- $500,000 - $2,500,000
- $0.18 - $1.25/SF NNN
- Just 0.3 miles from Highway 50 and 65th Street
- Located under 200 feet from Hornet Xing, the primary pedestrian entry point on the west side of Sacramento State
- Exposure to over 34,000 cars per day on the corner of 65th Street and Elvas Avenue
- More than 4,600 student housing beds located within 0.5 miles of the Property
- By right the building parcel would allow 74,000 SF of vertical development
- The yard parcel allows for 67,500 SF of development, both with an FAR of 4:1
- 3 Min Walk to Sac State
- 5 Min Walk to Light Rail
- 10 Min Drive to Midtown
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