$1,400,000
$1,650,000
15.2%For more information regarding the value of a property, please contact us for a free consultation.
0.49 Acres Lot
SOLD DATE : 01/18/2023
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20039388
Sold Date 01/18/23
HOA Y/N No
Originating Board MLS Metrolist
Year Built 2006
Lot Size 0.490 Acres
Acres 0.49
Property Description
This won't Last, Commercial Retail center with 83 percent leased only 1 unit is vacant, Close to freeway. at this price currently it is at 8.18 percent Cap rate. 3 of the leases are at 5 percent increment every year. total sq ft of the building is 7500 and each unit is at 1250 sq ft. With the 6 unit being rented out the property can operate at 9 percent cap rate.
Location
State CA
County Sacramento
Area 10823
Direction SB Freeway 99, Exit 47th Ave, Left on Martin luther King Jr. Blvd to the address on the left hand. Behind Arco Gas station
Location Details Public Transportation Nearby,Restaurant Nearby,Hospital Nearby
Interior
Heating Central
Cooling Central
Flooring Concrete Slab
Exterior
Garage Open
Utilities Available Other
Water Access Desc Public
Roof Type Metal
Building
Story 1
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 039-0031-007-0000
Special Listing Condition None
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