4330 24th Street,Sacramento, CA 95822
Sacramento, CA 95822
Description
Price Reduced $100k-Seller Motivated! Newmark, as the exclusive advisor, is pleased to present for sale 4330 24th Street, a mixed-use office/art studio building in Sacramento, California. Constructed in 1962, this pre-cast (tilt-up concrete) building is comprised of roughly 8,182 SF on 2 levels, and is currently occupied by a multitude of art/music studios and small office users. This property is 100% occupied by long term tenants on short term leases. Acquisition cap rate is 8.75%. With in-place income, this buildings size and location present many adaptive re-use options within an urban neighborhood reflecting the changes of demographics and perceptions. Located on 24th Street, just south of Sacramento City College, 4330 is in close proximity to many retail amenities including, but not limited to: Crocker Village, Chipotle, City Sports Club, Panama Pottery, Fountainhead Brewing Company, Lalos Restaurant, Sutterville Bicycle Company, Raleys, and Land Park Ski & Sports. 4311 Attawa Avenue is also for sale and can be purchased separately or together. These buildings back up to each other. Priced at $1,600,000.
Details
| MLS # | ML82021698 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1962 |
| Days On Site | 341 |
| Listing Provided By | Cornish & Carey Commercial | Kelly Rivett |
Features
| SQ Feet | 8,182 |
|---|---|
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | C-4 |
| Acreage | 0.14 |
Interior
| Cooling | Central Air, Wall Window Units |
|---|---|
| Heating | Central, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Elastomeric |
|---|
Taxes
| Property | 6720 |
|---|
Area Information
| State | CA |
|---|---|
| County | Sacramento |
| City | Sacramento |
| Zip Code | 95822 |
| Area | 699 Not Defined |
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Learn More About This Property
| State | CA |
|---|---|
| County | Sacramento |
| City | Sacramento |
| Zip Code | 95822 |
| Area | 699 Not Defined |