2220 Watt AveSacramento, CA 95825

Property Details for 2220 Watt Ave

Year built

1963

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

4,454 SF

Zone code

BP

Property type

Office properties

Property subtype

Office buildings

APN

281-0102-037-0000

APU

28101020370000

Description

This exceptional investment opportunity presents a vacant 4,454 square foot office building situated on a 0.34-acre lot at the highly visible corner of Watt Avenue and Cody Way in Sacramento, CA. Boasting a combined daily traffic count of 49,430 vehicles, this location offers unparalleled exposure. Currently zoned BP (Business Professional) by Sacramento County, the property presents significant redevelopment potential. The building, constructed in 1960, is being sold for its land value at $22 per square foot, totaling an asking price of $325,000. The property's prime location benefits from proximity to the desirable Arden Park and Arden Oaks neighborhoods, with an average household income within a one-mile radius of $97,034. Recent developments along Watt Avenue and El Camino Avenue, including new retailers such as Raising Cane's, Chick-fil-A, Costco Business Center, and Amazon Fresh, further enhance the area's appeal and potential for future growth. The property's APN is 281-0102-037. This is a fee simple ownership opportunity. Don't miss this chance to acquire a strategically located property in a thriving Sacramento market.

• CAP approach

  CAP return

  Valuation

  6%

  $589,732

  6.5%

  $544,368

  7%

  $505,484

• Comparable approach

  Method

  Valuation

  Relative Method

  $635,942

  Geo Method

  $635,942

• Alternative Use

  Use

  Valuation

  Residential

  $675,016

  Hospitality

  $618,311

  Educational

  $514,427

  Medical

  $532,119

  Retail

  $800,220

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.6054

Longitude

-121.383

CBSA code

40900

CBSA name

SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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