4330 24th ST Active Save Request In-Person Tour Request Virtual Tour
Sacramento,CA 95822
Key Details
Property Type Commercial
Sub Type Commercial Property
Listing Status Active
Purchase Type For Sale
Square Footage 8,182 sqft
Price per Sqft $85
MLS Listing ID ML82021698
Year Built 1962
Lot Size 6,173 Sqft
Property Sub-Type Commercial Property
Property Description
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 $1,800,000.
Location
State CA
County Sacramento
Area Sacto South Land Park/Greenhaven
Zoning C-4
Interior
Heating Central Forced Air,Wall Furnace ,Other
Cooling Central AC,Window / Wall Unit,Other
Exterior
Parking Features Common Parking Area,Guest / Visitor Parking,Off-Street Parking
Utilities Available Master Meter ,Public Utilities
Roof Type Elastomeric
Present Use Commercial,Office,Other
Building
Story 2
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Restrictions None
Tax ID 018-0053-031-0000
Security Features Controlled / Secured Access
Special Listing Condition Not Applicable