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$1,050,000

Est. payment - /mo

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3,593 SqFt

Pending

1700 V ST Sacramento, CA 95818

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/16/2024 07:14 PM

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Square Footage 3,593 sqft

Price per Sqft $292

MLS Listing ID ML81972961

HOA Y/N No

Year Built 1900

Annual Tax Amount $11,550

Lot Size 3,327 Sqft

Acres 0.0764

Property Description

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.

Location

State CA

County Sacramento

Area 699 - Not Defined

Zoning R-3A

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Roof Type Composition

Present Use Commercial,Multi-Family

Total Parking Spaces 2

Building

Story 2

Water Public

Others

Tax ID 00902150260000

Listed by Kelly Rivett • Cornish & Carey Commercial

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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