1926 20Th StSacramento, CA 95811

Property Details for 1926 20Th St

Property size (Sq ft)

17,600 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional offering presents a rare opportunity to acquire a 17,600 square foot assemblage of three parcels in Sacramento's highly desirable Midtown district. Located at the southwest corner of 20th and Capitol Avenue, this property includes a primary parcel of 12,800 square feet, a secondary parcel of 3,200 square feet, and an abandoned 1,600 square foot public alley. Currently operating as a surface parking lot generating approximately $100,000 in annual income under a month-to-month agreement with Priority Parking, this investment provides immediate cash flow while allowing time for future development planning. The C-2-SPD (General Commercial/Special Planning District) zoning permits a variety of development options, most notably a stand-alone retail building of approximately 17,000 square feet. Based on comparable rents in the immediate vicinity, potential rental income for a quality retail building could reach approximately $3.75 per square foot per month NNN for corner units and $3.50 per square foot per month NNN for inline shops. This prime location within the Midtown Grid and Handle District offers unparalleled potential for significant return on investment. The asking price for this exceptional property is $2,800,000.

Location Insight

City

Sacramento

County

Sacramento

State

California

Latitude

38.5731

Longitude

-121.482

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