Sold
1700 V ST
SACRAMENTO CA, 95818
$950,000
$264.40 per sqft
Sold
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
November 28, 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 |
---|---|---|
11/18/2024 | Sold | $950,000 |
10/16/2024 | Pending | — |
8/6/2024 | Price change | $1,050,000 -9% |
Listed by Cornish & Carey Commercial, Kelly Rivett,
Listing Contact: 9165692385
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Data last updated 4:09 PM UTC, 11/28/2024