Active
1700 V ST
SACRAMENTO CA, 95818
$1,050,000
$292.23 per sqft
Active
3,593 sqft
Multi-family
Built in 1900
Listed by Cornish & Carey Commercial, Kelly Rivett, Listing Contact: 9165692385
Seller may carry a 1st MTG! An investor/user opportunity to acquire 1700 V Street, 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 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 comprised of approximately1,390 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 an market operator at twice the amount of current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two-2/1 apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-to-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are are two/2bed/1bath apartment flats that were beatifically remodeled in 2024. Building/unit renovations include but are not limited to: New exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.
ML81972984
MLSⓇ ID
July 12, 2024
Listed
September 17, 2024
Updated
Map
1700 V ST
SACRAMENTO CA, 95818
Interior Features
Total Stories
2
Appliances
Cooktop, Microwave, Washer
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Forced Air
Exterior/Building Features
Lot Size
0.08 Acres
Roof
Composition
Sewer
Public Sewer
School Information
School District
1848
Other Property Details
Area Name
Sacramento Land Park/Curtis Park
Garage
Yes
Garage Spaces
1
Parking
Off Street, Detached
Parking Total
2
View
No
County
Sacramento
Water Source
Public
Pool
No
Zoning
R-3A
Listing History
Date | Event | Price |
---|---|---|
8/6/2024 | Price change | $1,050,000 -9% |
Listed by Cornish & Carey Commercial, Kelly Rivett,
Listing Contact: 9165692385
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Brittany Ng | CA DRE# 02066282 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 2:21 AM UTC, 9/17/2024