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29857217
29857216

6500 Elvas Avenue, Sacramento, CA 95819 For Sale

SR
CA 02092283
Turton Commercial Real Estate
SK
01485640, CA
Turton Commercial Real Estate
MA
02124801, CA
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate
$2,100,000
147 days on market
Updated 13 days ago

66th & 6500 Elvas Ave

Details
APN 008-0383-026,008-0392-014
Property Type Retail, Industrial
Sub Type Storefront, Flex (+1)
Tenancy Single
Lease Type NNN
Year Built 1972
Lot Size (SqFt) 18,500
Zoning Residential Mixed Use (RMX-TO-SPD)
Parking Spaces 25 spaces
Investment Type Redevelopment

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

Listing Contacts

SR
CA 02092283
Turton Commercial Real Estate
SK
01485640, CA
Turton Commercial Real Estate
MA
02124801, CA
Turton Commercial Real Estate
Listed by Turton Commercial Real Estate

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Additional Information

Name
Shilo Rochelle
License
02092283
Brokerage
Turton
Brokerage Phone
9167698005
Title
Senior Director
Brokerage Address
2131 Capitol Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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