Active

1700 V ST

SACRAMENTO CA, 95818

$1,050,000


$292.23 per sqft

Active

3,593 sqft

Commercial

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, a 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 of 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 approximately 1,390 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 a market operator at twice the amount at current rate. Three apartment units occupy the remaining space within the building, with one studio unit on the ground floor, and two- 2/1 bath apartment flats on the second story. The studio is approximately 400 square feet, and is occupied by a long term month-month tenant paying 50% under market, presenting immediate income upside. Upstairs, there are two- 2 bedroom/ 1 bath apartment flats that were beautifully renovated in 2024. Building/unit renovations include but not limited to: new exterior paint, new central heat/air, dual pane windows, refer, stove, faucets, lighting, luxury vinyl plank flooring, interior paint, toilet, hardware, doors, etc. The building is 100% occupied.

ML81972961

MLS ID

July 12, 2024

Listed

September 17, 2024

Updated

Map

1700 V ST
SACRAMENTO CA, 95818

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.08 Acres


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

Sacramento Land Park/Curtis Park


Garage

Yes


Garage Spaces

1


Parking

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.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Brittany Ng | CA DRE# 02066282 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 2:21 AM UTC, 9/17/2024

 

 

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