For Sale
$1,280,000

2016-2018 16Th StSacramento, CA 95818

Turnkey Restaurant, Apartment, Parking

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Midtown Sacramento property offers a unique investment opportunity combining a fully equipped, turnkey restaurant and market with a renovated, income-generating apartment. The 2,530 square foot building, constructed in 1925 and completely renovated in 2023, sits on a 0.073-acre lot (APN 009-0151-009-0000) and is zoned C-2-SPD. The ground floor encompasses a thriving restaurant and market, complete with all necessary equipment including refrigerators, freezers, stoves, ovens, woks, a hood system, and grease traps. The business is currently operational and includes the option to retain the existing name and branding. The upper level features a recently renovated three-bedroom, two-bathroom apartment, currently leased for $2,100 per month until October 31, 2024. The property boasts excellent visibility at the intersection of 16th and T Streets, benefiting from high traffic volume and a strong residential population. A rear parking pad accommodates up to six vehicles. The location offers easy access to major freeways (I-5, Hwy 50, Hwy 80, and Hwy 99), numerous nearby restaurants, and is within proximity to Southside Park and The Ice Blocks. This is an owner-user opportunity with significant potential for continued success and rental income. The asking price is $1,280,000.

Highlights

  • 2,530 square foot building on a 0.073-acre lot (APN 009-0151-009-0000).
  • 1,265 square foot restaurant/market with all equipment; currently operational.
  • 1,265 square foot, 3 bed/2 bath apartment, leased at $2,100/month until 10/31/2024.
  • C-2-SPD zoning.
  • Asking price: $1,280,000.

Property Details for 2016-2018 16Th St

Property type
Retail properties, Restaurants
Square Feet
2,530 SF
Year Built/Renovated
1925/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
3,180 SF

Location Insight

City
Sacramento
County
Sacramento
State
California
Latitude
38.566542
Longitude
-121.490523
2016-2018 16Th St, Sacramento, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2016-2018 16Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message