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$ 600,000
Est. payment /mo
Active
4330 24th Street Sacramento, CA 95822
8,182 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 8,182 sqft
Price per Sqft $73
MLS Listing ID ML82021698
HOA Y/N No
Year Built 1962
Lot Size 6,173 Sqft
Acres 0.14
Property Sub-Type Comm Ind For Sale
Property Description
Price Reduced $100k-Seller Motivated! Newmark, as the exclusive advisor, is pleased to present for sale 4330 24th Street, a mixed-use office/art studio building in Sacramento, California. Constructed in 1962, this pre-cast (tilt-up concrete) building is comprised of roughly 8,182 SF on 2 levels, and is currently occupied by a multitude of art/music studios and small office users. This property is 100% occupied by long term tenants on short term leases. Acquisition cap rate is 8.75%. With in-place income, this buildings size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions. Located on 24th Street, just south of Sacramento City College, 4330 is in close proximity to many retail amenities including, but not limited to: Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalos Restaurant, Sutterville Bicycle Company, Raleys, and Land Park Ski & Sports. 4311 Attawa Avenue is also for sale and can be purchased separately or together. These buildings back up to each other. Priced at $1,600,000.
Location
State CA
County Sacramento
Zoning C-4
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 0180053031000
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Listed by Kelly Rivett • Cornish & Carey Commercial
